It will take some time for the US economy and the job market to return to pre-crisis peak, Federal Reserve’s Vice Chairman Richard Clarida said on Thursday, as reported by Reuters. Additional takeaways “Fed will support the recovery until the job is well and truly done.” “US economy is much more resilient than forecast a year ago.” “True unemployment rate is closer to 10%.” “Expecting inflation to move up this year, to return to 2% or perhaps somewhat above in 2022, 2023.” “Expected inflation path is entirely consistent with the Fed’s new framework.” Market reaction The US Dollar Index showed little to no reaction to these remarks and was last seen gaining 0.15% on the day at 92.66. 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 USD/TRY resumes the upside, targets 8.0000 FX Street 1 year It will take some time for the US economy and the job market to return to pre-crisis peak, Federal Reserve's Vice Chairman Richard Clarida said on Thursday, as reported by Reuters. Additional takeaways "Fed will support the recovery until the job is well and truly done." "US economy is much more resilient than forecast a year ago." "True unemployment rate is closer to 10%." "Expecting inflation to move up this year, to return to 2% or perhaps somewhat above in 2022, 2023." "Expected inflation path is entirely consistent with the Fed's new framework." Market reaction The US Dollar Index showed… 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.
