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Slowing inflation growth lifts Dow, S&P to records - Netscape Money & Business

Slowing inflation growth lifts Dow, S&P to records - Netscape Money & Business
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Fed s George says doesn t dismiss risk of inflation surge

2 Min Read FILE PHOTO: Kansas City Federal Reserve Bank President Esther George addresses the National Association for Business Economics in Denver, Colorado, U.S. October 6, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) - Kansas City Federal Reserve President Esther George on Monday cautioned against a “rigid” approach to monetary policy in a post-pandemic era that may involve different inflation and employment dynamics than ones seen in the last few years and worked into the Fed’s current policy framework. That new framework, emphasizing job generation and faith that the forces that kept inflation low in recent years will continue to do so, has led the Fed to pledge to continue buying $120 billion a month in bonds until the job market improves and to leave interest rates near zero for even longer even as prices begin to rise.

United statesDan greblerHoward schneiderThomson reuters trust principlesCity federal reserve president esther georgeKansas city fedThomson reuters trustCentral banks bank eventsEconomic news 3rd partyUs federal reserveInterest rates policyMonetary fiscal policy makersUs government newsஒன்றுபட்டது மாநிலங்களில்ஹோவர்ட் ஶ்நைடர்தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ்

Fed won t react if inflation tips over 2%, George says

By Reuters Staff 1 Min Read (Reuters) - Kansas City Federal Reserve President Esther George on Tuesday said the Fed has the tools to “rein in” inflation if needed, but added that she does not expect the Fed to react if inflation rises only slightly above its 2% goal. Indeed, she noted, the U.S. economy was able to grow before the crisis with little upward pressure on inflation even when unemployment was as low as 3.5%, as it was in early 2020. That level of unemployment will be a “marker” for the Fed as it assesses what full employment is, she said. Reporting by Ann Saphir; Editing by Chizu Nomiyama

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