Fed’s Daly: – “Too-high inflation” not a risk to think about at the moment
– Don’t see “unwanted inflation” around the corner
– Pressures on inflation are downward.
Rather inconveniently for Mary Daly of the San Francisco Federal Reserve it was accompanied on the news wires by this.
CHICAGO (Reuters) – Kraft Heinz Co and Conagra Brands Inc said they may choose to raise prices this year on some products that use wheat, sugar and other commodities that are becoming increasingly expensive due to high demand.
Perhaps Mary Daly has been imputing prices from her model rather than looking at the real world. Of course central bankers famously look at core inflation measures which exclude food and energy.
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WASHINGTON, Jan 27 In selecting Janet Yellen to be the first woman to lead the US Treasury Department, President Joe Biden chose a progressive economist focused on unemployment who supports fiscal stimulus and tackling climate change. After the Senate on Monday voted overwhelmingly to confirm.
Yellen will take the lead in the effort to win Congressional support for Biden s proposed $1.9 trillion economic rescue plan, and increasing the federal minimum wage to $15 an hour.
Yellen makes history again, sworn in as first female US Treasury secretary
US Secretary of the Treasury Janet Yellen holds up her hand as her husband George Akerlof looks on during a ceremonial swearing-in
(AFP)Premium
. Updated: 26 Jan 2021, 11:44 PM IST AFP
The 74-year-old has made history before when she became the first female head of the Federal Reserve
Her new role puts her at the center of the ongoing storm battering the US economy
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In selecting Janet Yellen to be the first woman to lead the US Treasury Department, President Joe Biden chose a progressive economist focused on unemployment who supports fiscal stimulus and tackling climate change.