Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

cnbc2021-04-16

KEY POINTSFed Governor Christopher Waller told CNBC on Friday that the economy “is ready to rip.However, he said there’s still “no reason to be pulling the plug” on the heavy levels of policy support ...

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Ricoz3143
2021-04-19
Ricoz3143
Pls reply n like me
- HermanL:
  done. pls like n comment too
- Ricoz3143:
  Okie thanks
FT585
2021-04-19
FT585
Reply Reply thanks
- DukeAlan:
  👍
- MarketPulse:
  Haha what you want me to reply?
Musyaffaq
2021-04-19
Musyaffaq
Cool
kcwang4982
2021-04-19
kcwang4982
Kk
ISSEY1413
2021-04-18
ISSEY1413
Need 3 likes and 2 comments. TQ!!!
- Siewleerocks:
  ok
- Yy12345:
  .
- Zhen95:
  ok
mistyzenz
2021-04-18
mistyzenz
how long does vaccine lasts before one have to revaccine or is it for life, further study on vaccine, against mutated strain, 3rd world countries able to get hold of vaccine..... so many uncertainties

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We get 70% of the population vaccinated, then all the fundamentals are there for good, strong growth that we left back in January, February of 2020,” he said. “We’ve still got room to catch up to where we were. We’re making up for lost ground.”‘No reason to be pulling the plug’The economy officially entered recession in February 2020, according to the National Bureau of Economic Research, which makes the official call on contractions and expansions. While the U.S. is poised for another quarter of strong growth, gross domestic product is still running a bit below where it was prior to the Covid-19 onset.That’s part of the reason Waller concurs with his fellow central bankers in seeingthe need to keep policy loose. The Fed is currently holding short-term borrowing rates near zero while it purchases at least $120 billion of bonds each month.In a major policy shift last year, the Fed pledged that it will not raise rates until it sees full and inclusive employment, and is willing to tolerate inflation a bit above the traditional 2% target until it gets there. Fed officials have expressed concern about the uneven nature of the recovery, particularly regarding those at the lower end of the income spectrum.“We’ve got to make that up first,” Waller said. “Other parts of the economy seem to have really come back. We still have relatively high unemployment rates, particularly for minorities, and so we’ve still got a long way to go. There’s no reason to be pulling the plug on our support till we’re really through this.”Waller added that he thinks inflationary pressures that have begun to show up are likely temporary, a view widely held at the Fed. The consumer price index rose 2.6% in March from a year ago.Waller said he expects the Fed’s preferred inflation gauge based on personal consumption expenditures could run around 2.5% for 2021.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":379422664,"gmtCreate":1618791214958,"gmtModify":1634290953400,"author":{"id":"3576243705895352","authorId":"3576243705895352","name":"Ricoz3143","avatar":"https://static.tigerbbs.com/8b650feee6a0b76b777c86e2f871ab8c","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576243705895352","authorIdStr":"3576243705895352"},"htmlText":"Pls reply n like me&nbsp;","listText":"Pls reply n like me&nbsp;","text":"Pls reply n like 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thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/379464955","repostId":1165321503,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4071128,"gmtCreate":1618805849016,"gmtModify":1635736363923,"authorId":3578446470950082,"author":{"id":3578446470950082,"idStr":"3578446470950082","authorId":3578446470950082,"name":"DukeAlan","avatar":"https://static.tigerbbs.com/5d8e6962022e3365333d669221455dd6","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379464955,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":4073860,"gmtCreate":1618832404856,"gmtModify":1635516264045,"authorId":3577347851898435,"author":{"id":3577347851898435,"idStr":"3577347851898435","authorId":3577347851898435,"name":"MarketPulse","avatar":"https://static.tigerbbs.com/d6b16f1b86e7977d1bb375d78b71b51d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379464955,"type":1,"supId":0,"prevId":0,"content":"Haha what you want me to reply?","text":"Haha what you want me to reply?","html":"Haha what you want me to 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3 likes and 2 comments. TQ!!!","listText":"Need 3 likes and 2 comments. TQ!!!","text":"Need 3 likes and 2 comments. TQ!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/379536671","repostId":1165321503,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4067229,"gmtCreate":1618760066573,"gmtModify":1635736685351,"authorId":3578472165464903,"author":{"id":3578472165464903,"idStr":"3578472165464903","authorId":3578472165464903,"name":"Siewleerocks","avatar":"https://static.tigerbbs.com/f00504e0b6e3e8236e593d86c0ce08ed","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379536671,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4067375,"gmtCreate":1618762899947,"gmtModify":1635736673521,"authorId":3581677633797465,"author":{"id":3581677633797465,"idStr":"3581677633797465","authorId":3581677633797465,"name":"Yy12345","avatar":"https://static.tigerbbs.com/d4db7c878281f6fa9057a37f7cd9272f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379536671,"type":1,"supId":0,"prevId":0,"content":".","text":".","html":"."},{"id":4067774,"gmtCreate":1618784450630,"gmtModify":1635736644524,"authorId":3575252907553393,"author":{"id":3575252907553393,"idStr":"3575252907553393","authorId":3575252907553393,"name":"Zhen95","avatar":"https://static.tigerbbs.com/62a4767b8928f124a0f7f02bd3c21f62","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":379536671,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":379538504,"gmtCreate":1618759421708,"gmtModify":1631883992411,"author":{"id":"3561962801944040","authorId":"3561962801944040","name":"mistyzenz","avatar":"https://static.tigerbbs.com/b6ce5e71746857498b3364479f136e14","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3561962801944040","authorIdStr":"3561962801944040"},"htmlText":"how long does vaccine lasts before one have to revaccine or is it for life, further study on vaccine, against mutated strain, 3rd world countries able to get hold of vaccine..... so many uncertainties","listText":"how long does vaccine lasts before one have to revaccine or is it for life, further study on vaccine, against mutated strain, 3rd world countries able to get hold of vaccine..... so many uncertainties","text":"how long does vaccine lasts before one have to revaccine or is it for life, further study on vaccine, against mutated strain, 3rd world countries able to get hold of vaccine..... so many uncertainties","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/379538504","repostId":1165321503,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":839,"commentSize":246,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1165321503"}