Federal Reserve’s Vice Chairman Richard Clarida said on Thursday he disagrees with the view that fiscal support this year poses a long-term upward risk to inflation, as reported by Reuters. Additional takeaways “There is slack in the economy, and over time impact of the package will diminish.” “Monetary policy is not worried about wage inflation; our mandate is price inflation.” “Productivity growth can generate wage growth without generating unwanted price inflation.” “Asset valuations, liquidity, capital, and leverage are broadly consistent with the baseline view of robust recovery, fiscal support.” “Fed does not want SLR over time to be an impediment to growth.” “Will be focused intently over the next several months on how to refine, recalibrate SLR.” Market reaction These comments don’t seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was down 0.55% on the day at 3,867. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI drops back below $59.00 from $61.00, but 50DMA support holding for now FX Street 2 years Federal Reserve's Vice Chairman Richard Clarida said on Thursday he disagrees with the view that fiscal support this year poses a long-term upward risk to inflation, as reported by Reuters. Additional takeaways "There is slack in the economy, and over time impact of the package will diminish." "Monetary policy is not worried about wage inflation; our mandate is price inflation." "Productivity growth can generate wage growth without generating unwanted price inflation." "Asset valuations, liquidity, capital, and leverage are broadly consistent with the baseline view of robust recovery, fiscal support." "Fed does not want SLR over time to be an impediment… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.