Fed's Rosengren: Fed has tools to address high inflation if it appears
|Boston Federal Reserve President Eric Rosengren said on Monday that it's unlikely the economy will heat up too quickly this year, as reported by Reuters.
Additional takeaways
"Fed has tools to address high inflation if it appears."
"Restaurants and tourist spots are having difficulty finding workers."
"Employers may have difficulty filling jobs if they wait too long to hire."
"Many employers have had to raise wages, even for relatively low wage positions."
"Fed stopped the main street lending program too soon at the behest of the treasury."
"Banks and businesses were just fully understanding the program when it was shut down."
Market reaction
The US Dollar Index largely ignored these remarks and was last seen posting small daily losses at 92.14.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.