Probably won’t get to 2.0% inflation until 2026 – Crypto News – Crypto News
Connect with us
Need to move methodically toward a clearly restrictive stance Need to move methodically toward a clearly restrictive stance

others

Probably won’t get to 2.0% inflation until 2026 – Crypto News

Published

1 year ago

on

Federal Reserve (Fed) Bank of Cleveland President Loretta Mester noted on Friday that she would like to see a longer run of good-looking inflation data, and noted that the path towards the Fed’s 2.0% inflation goal may take longer than expected.

Key highlights

There is still work to do to gain confidence in inflation.

The median SEP projection close to Mester’s on the economy.

We probably won’t get to 2.0% inflation until 2026.

I want to maintain healthy job market as inflation falls.

Policy is well-positioned for risks on both sides.

Businesses say its harder to raise prices this year.

As inflation comes down, both mandates remain very important.

I didn’t revise my SEP forecasts after the CPI data.

I penciled in 3% for longer-term rate in latest forecasts.

Risks to inflation to the upside, dual-sided for the job market.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending