“I hope we can make a lot of progress this year on jobs, it will depend on vaccines and the coronavirus,” Minneapolis Federal Reserve President Neel Kashkari said on Friday, as reported by Reuters. Additional takeaways “Would be great to get back to full employment by 2023.” “We need to get back to where we were before the pandemic and need to go beyond that.” “When labor market gets tight enough that wage growth picks up, get 2% inflation, that’s full employment.” “Not concerned about inflation.” “Not concerned about the Fed’s ability or willingness to deal with high inflation; we need to get there.” “10-year real yield is basically flat from where it was last summer.” “An uptick in real yields would give me concern, could warrant a policy response but not seeing that.” “Recent movements in Treasury market suggest that Fed’s framework is delivering what we wanted.” “Not concerned about the wartime COVID spending we need to do right now.” Market reaction The US Dollar Index largely ignored this report and was last seen gaining 0.37% on a daily basis at 91.97. 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 Fed’s Bullard: Still need a lot of repair in the labor market FX Street 1 year "I hope we can make a lot of progress this year on jobs, it will depend on vaccines and the coronavirus," Minneapolis Federal Reserve President Neel Kashkari said on Friday, as reported by Reuters. Additional takeaways "Would be great to get back to full employment by 2023." "We need to get back to where we were before the pandemic and need to go beyond that." "When labor market gets tight enough that wage growth picks up, get 2% inflation, that's full employment." "Not concerned about inflation." "Not concerned about the Fed's ability or willingness to deal with high inflation;… 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.
