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8 Apr, 5 tweets, 1 min read
🇺🇸 Recap of Powell's comments today:

🔹We want to see a string of job reports like the March jobs report to see progress; there are still 8.5mln out of work

🔹Substantial further progress means actual progress, wants to see actual improvement before tapering
🔹Global vaccination is a risk to progress we are making, there is a risk in the US as well with cases moving back up

🔹We are not going back to the same economy

🔹It will be appropriate to continue to support those who have a hard time getting back into the work force
🔹Reiterates we need to keep supporting the economy, and we will

🔹Reiterates one time increases in prices is different from persistent inflation; by inflation we mean persistent inflation that goes up year after year
🔹Does not expect price increases from tight supply to be repeated year after year

🔹Reiterates he sees upward pressure on prices to be transitory

🔹We do have the tools to deal with inflation if needed
🔹Traditional tool to deal with inflation is to raise rates

🔹Will be monitoring inflation expectations closely

🎩 @Newsquawk

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More from @PriapusIQ

8 Apr
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federalreserve.gov/monetarypolicy…
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