Dallas Federal Reserve President Robert Kaplan said on Wednesday that he would welcome firmer inflation in that it's consistent with economic growth but
Feb 12, 2021 17:57 GMTFXStreet News
In an interview with Yahoo Finnace, Dallas Federal Reserve President Robert Kaplan said on Friday that forecasts point out to very strong growth in 2021 and added that a bigger fiscal stimulus would strengthen the recovery, as reported by Reuters.
Additional takeaways
“Mobility and engagement should dramatically improve after more people are vaccinated.”
“Many people who are out of work are going to need retraining.”
“Wouldn’t be surprised to see near term price pressures but they will get resolved over time.”
“Hesitating to put a timetable on when the Fed will reach 2% inflation goal.”
“Inflation dynamics have changed because of technology and globalization.”
Report: Luxembourg firm in talks to buy minority stake in Spurs
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A Luxembourg investment firm is in talks to acquire a minority stake in the Spurs, the Financial Times reported, citing people with knowledge of the discussions. Derrick White of the Spurs looks to pass to Keldon Johnson during a Jan. 30 game against the Grizzlies.Ronald Cortes /Contributor
A European investment firm is in talks to acquire a minority stake in the Spurs.
CVC Capital Partners of Luxembourg is seeking to purchase a limited partnership stake from one of the team’s existing minority owners, Sportico reported Friday.
A Spurs spokesman declined to comment.
Feb 2, 2021 14:57 GMTFXStreet News
In an interview with CNBC on Tuesday, Dallas Federal Reserve President Robert Kaplan reiterated that the coronavirus vaccine is critical to seeing the economy recover, as reported by Reuters.
Additional takeaways
“Expecting to see an improvement in the economic mobility from June onwards.”
“Some of the current situations in markets is related to liquidity, some of which is due to Fed policy.”
“I do not see systemic risks right now in financial markets.”
“Getting money for school reopenings, vaccine distribution and childcare are critical for economic recovery.”
“10-year Treasury yields expected to rise if the economy grows as forecasted.”
Dallas Fed President Kaplan stresses need for more spending to keep economic recovery going
Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects.
President Joe Biden has proposed spending $1.9 trillion to provide more cash payouts and enhanced unemployment benefits to Americans, as well as a minimum wage hike, funding for vaccine programs and aid to schools along with state and local governments.
Source: CNBC
Congressional Republicans have set forth a more modest $618 billion plan that would provide lower direct payments and no funding for state and local governments.