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Press conference FOMC:
- Powell: vaccination should allow a return to normal this year;
- Powell says, that the unemployment rate in 6% underestimates job shortages;
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- Powell: Probably, we will see temporary upward pressure on prices from the cost side;
- Powell: a temporary rise in inflation this year will not meet the standard for rate hikes;
"Probably.", it will take "some time" to make significant further progress;
UPD:
- Powell: some asset prices are high;
- Powell says, that borrowed funds are not a problem in the financial system;
- Powell: we expect further rate cuts;
