Fed Official Says Inflation Fight Will Take Time Despite Signs Of

Fed Official Says Inflation Fight Will Take Time Despite Signs Of Bringing inflation down from 40 year highs is likely to take time and will require a slowdown in economic growth and reduced demand for workers by employers, a federal reserve official said. The us federal reserve is in a strong position to weather the "highly uncertain" economic outlook, but its inflation fight will take time to win, a senior us central bank official said.

It S Hard To Believe The Fed Can Aggressively Fight Inflation While Washington (ap) — the sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several federal reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. According to the minutes, the fed’s policymakers also said that despite signs of progress on inflation, it remained well above their 2% target. they “would need to see more data to be confident that inflation pressures were abating” and on track to return to their target. Federal reserve chair jerome powell said tuesday that the central bank's fight against inflation has "a long way to go," citing a blockbuster jobs report last week that showed the labor market remains hot despite the fed's efforts to cool the economy. "this process is likely to take quite a bit of time," powell said. "it's not likely to be smooth.". Many fed watchers have expected the central bank’s officials to forgo another increase in their benchmark rate when they next meet in mid june. yet recent warnings from several of the officials about the continuing threat from high inflation suggest that that outcome is far from certain.

Fed Faces Major Challenge In Making New Inflation Strategy Official Federal reserve chair jerome powell said tuesday that the central bank's fight against inflation has "a long way to go," citing a blockbuster jobs report last week that showed the labor market remains hot despite the fed's efforts to cool the economy. "this process is likely to take quite a bit of time," powell said. "it's not likely to be smooth.". Many fed watchers have expected the central bank’s officials to forgo another increase in their benchmark rate when they next meet in mid june. yet recent warnings from several of the officials about the continuing threat from high inflation suggest that that outcome is far from certain. Washington (ap) — a top federal reserve official said tuesday that he is increasingly confident that inflation will continue falling this year back to the fed's 2% target level, after two. The us federal reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said.

Fed Official Warns Inflation Fight Has Ways To Go Wsj Washington (ap) — a top federal reserve official said tuesday that he is increasingly confident that inflation will continue falling this year back to the fed's 2% target level, after two. The us federal reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said.