2023-05-14 09:31:00
© Archyde.com A member of the US Federal Reserve makes important remarks about inflation and recession
Arabictrader.com – The statements of the US Federal Reserve member, Austin Goolsby, yesterday, Friday, dealt with the following points:
- US inflation is still very high, but at least it’s starting to come down.
- The US Federal Reserve hopes that inflation will decline, but without an economic recession.
Earlier, a member of the US Federal Reserve, Michael Bowman, said in Frankfurt, that it is expected that the US Federal Reserve will have to continue tightening monetary policy, if inflation remains high and the labor market is tight.
Bowman added that the Fed should keep interest rates constrained enough for some time to bring inflation down to the bank’s 2% target, as well as calm conditions that sustainably support a strong labor market.
The US Federal Reserve official also stated that the latest consumer prices and jobs data did not show signs that inflation is on its downward path, as he warned that monetary policy measures are not a predetermined path.
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