US Treasury Secretary Janet Yellen denied the idea that central banks in major advanced economies and regions, including the United States, should raise their inflation target on the 19th. The reason is that a stable price outlook is important when living expenses are skyrocketing.
Yellen told reporters in Bonn, Germany, during his stay at the G7 Finance Ministers and Central Bank Governors’ meeting, that de-globalization could boost inflation. “It’s not a reason to change the inflation target,” he said. “The challenge is to reach the set inflation target,” he said.
April US Consumer Price Index (ＣＰＩ) Has risen by more than 8% for the second straight month, and some economists are questioning whether US monetary authorities can reduce inflation to the target of 2%.
news-rsf-original-reference paywall">Original title:
news-rsf-original-reference paywall">Yellen Rejects the Idea of Fed Raising Its 2% Inflation Target(excerpt)