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Fed's Quarles: The Fed is also aware that we could be mistaken about inflation
FED'S QUARLES: THE FED IS ALSO AWARE THAT WE COULD BE MISTAKEN ABOUT INFLATION.
— Breaking Market News (@financialjuice) June 28, 2021
Added at 1:47pm
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— Flow (@FlowTraderTM) June 28, 2021If inflation does not settle back down closer to the 2% objective in a year, the Fed has the tools to address it.
In the fall, policies that impede employment will expire.
The Federal government has not set a precise aim for maximum employment.