Bank of Canada: Economic growth may replace inflation as the primary task of the Federal Reserve.

Mark Dowding, Chief Investment Officer of BlueBay, the asset management department of Royal Bank of Canada, stated in a research report that in the coming years, the Federal Reserve may prioritize economic growth over inflation, potentially providing support for risk assets in the short term. Dowding said, "If in the coming years the Federal Reserve is more inclined to prioritize economic growth over controlling inflation, we would not be too surprised." However, he also pointed out that if the loose policy in the next 12 months leads to the need for the Federal Reserve to raise interest rates more aggressively later on to control price risks, asset valuations may face greater uncertainty.