Fed’s Daly: Bottlenecks explain both price increases and labor shortages
San Francisco Federal Reserve Bank President Mary Daly said on Tuesday she is very hopeful they will feel that they are moving out of the deep hole caused by COVID by next year, as reported by Reuters.
"Outlook is quite positive, I am bullish."
"Confident we’ll get more and more vaccinated and people are ready to get out and spend."
"Bottlenecks explain both price increases and labor shortages; both likely transitory."
"Future of community banking looks far stronger now than in the past."
The US Dollar Index showed no immediate reaction to these comments and was last seen losing 0.18% on the day at 90.11.
via FXStreet News https://ift.tt/3tYkUTd
May 11, 2021 at 10:33AM