{"id":29360,"date":"2021-03-05T12:17:55","date_gmt":"2021-03-05T18:17:55","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=29360"},"modified":"2021-03-08T11:50:51","modified_gmt":"2021-03-08T17:50:51","slug":"powell-economic-reopening-could-cause-inflation-to-rise-temporarily","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/powell-economic-reopening-could-cause-inflation-to-rise-temporarily\/","title":{"rendered":"Powell: economic reopening could cause inflation to rise temporarily"},"content":{"rendered":"<p><strong>Fed Chairman Jerome Powell said inflation is likely to rise as the economy recovers, but he thinks it will be temporary.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><!--more--><\/p>\n<p>Federal Reserve Chairman\u00a0Jerome Powell said that he expects some inflationary pressures as the U.S. economy reopens but he doesn\u2019t believe they will be enough to spur the central bank to hike interest rates.<\/p>\n<p>&nbsp;<\/p>\n<p>\u201cWe expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects,\u201d Powell said during a Wall Street Journal conference Thursday. \u201cThat could create some upward pressure on prices.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Markets\u00a0<a href=\"https:\/\/www.cnbc.com\/2021\/03\/03\/stock-market-open-to-close-news.html\">reacted negatively<\/a>\u00a0to Powell\u2019s prediction, with stocks sliding and Treasury yields jumping.<\/p>\n<p>&nbsp;<\/p>\n<p>Some analysts had been hoping he would address the recent surge in rates, with a possible indication of an adjustment to the Fed\u2019s asset purchase program.The Fed is currently buying $120 billion a month in Treasurys and mortgage-backed securities.<\/p>\n<p>&nbsp;<\/p>\n<p>Recent market chatter has centered around the central bank potentially\u00a0<a href=\"https:\/\/www.cnbc.com\/2021\/03\/01\/fed-policy-changes-could-be-coming-in-response-to-bond-market-turmoil-economists-say.html\">implementing a type of \u201cOperation Twist,\u201d<\/a>\u00a0in which it sells short-term notes and buys longer-dated bonds, yet according to Fed officials, the central bank is far from any action to try to influence the long end of yields, despite expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fed Chairman Jerome Powell said inflation is likely to rise  [&#8230;]<\/p>\n","protected":false},"author":21,"featured_media":29355,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[4502,563],"class_list":["post-29360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-pandemin","tag-economy"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=29360"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29360\/revisions"}],"predecessor-version":[{"id":29364,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29360\/revisions\/29364"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/29355"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=29360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=29360"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=29360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}