By Ann Saphir (Reuters) -With the U.S. economy and the labor market doing well but inflation too high, it is "appropriate" for the Federal Reserve to .
Delays and price hikes are anticipated in the US for holiday merchandise, a US Federal Reserve official said on Sunday, calling for more to be done to boost the workforce.
“We see consumers trying to get out early and spend their money to get their goods before they run out,” Mary Daly, head of the San Francisco branch of the US central bank, told CBS.
When shopping for the upcoming holidays, “people are buying it now and they’re being told oftentimes they can’t get it until after the holiday has passed,” she said.
“So there are going to be delays,” as well as
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2020 Lessons, 2021 Priorities this post authored by Mary C. Daly
What lessons should we take from a difficult year - and what should our priorities be for 2021? Overcoming the harsh and uneven economic impacts of COVID-19 and returning to full employment and sustainable 2% inflation will be the Federal Reserve’s chief concerns. But success will require us to have confidence in the power of our tools.
The following is adapted from a presentation by the president and CEO of the Federal Reserve Bank of San Francisco to the Arizona State University Economic Forecast Luncheon on December 1.
Hello everyone. It’s safe to say that 2020 has been a year to remember. Twelve months ago, we were in the midst of the longest economic expansion in U.S. history. Unemployment sat near historic lows, wages and incomes were rising, and inflation was moving gradually back toward our 2% target.