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- Boston Fed president Rosengren: Current policy will remain accommodative until the labor market can consistently help deliver on the Fed's 2% inflation goal
Boston Fed president Rosengren: Current policy will remain accommodative until the labor market can consistently help deliver on the Fed's 2% inflation goal
- Fiscal policy has been unusually stimulative and is providing a major boost to the pandemic-shocked economy
- Significant slack remains in the economy
- Oil prices, pent up demand and shipping delays will temporarily distort inflation numbers
- The most-likely outcome is that inflation will normalize close to 2%
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