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Jefferson: Technology’s Impact on the Post-Pandemic Economy
Good morning, and thank you. It is a pleasure to be here today. I am happy to be giving my first speech as a member of the Board of Governors at the Federal Reserve Bank of Atlanta. I would like to thank the Atlanta, Dallas, and Richmond Feds for inviting me today and for bringing together this collection of expertise and research. Today I would like to continue the discussion you have been having about tech-enabled responses to the pandemic. Then I would like to delve a bit further into what those pandemic-related disruptions have meant for economic activity at the microlevel and how the changes of the past few ... (full story)
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Fed's Jefferson
— DailyFX Team Live (@DailyFXTeam) October 4, 2022
-Labor market remains robust
-We have acted boldly but we are committed to taking additional steps to address inflation
-Restoring price stability will take time
-Fed is keeping a close eye on prices of food and housing as they can have an impact on expectations