Federal Reserve's Neel Tushar Kashkari says that the Federal Reserve has powerful tools if inflation surprises to upside.
he said that while the Fed plans to normalize monetary policy once the labor market is fully recovered and inflation is back to the Fed’s target, about 8 million Americans who were working at the start of the pandemic are still out of work.
“I assume that that folks want to work again,” Kashkari told CNN in an interview. “How long is it going to take to bring all of those folks back into the labor market and really achieve full employment? We’ll see, it may take a few years.”
There was no reaction to the comments and the markets are instead looking ahead to the Nonfarm Payrolls on Friday.
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.