Fed Vice Chair Warns of Challenges on Road to Inflation Target Federal Reserve Vice Chair for Supervision Michael Barr commented on the economic challenges ahead, noting the U.S.’s path back to 2% inflation “may be a bumpy one.” Despite a year-on-year consumer price increase of 3.1% and a core inflation rate holding steady at 3.9%, largely propelled by rising shelter costs, Barr expressed a cautious optimism. He reaffirmed the Fed’s commitment to steering the economy back to a 2% inflation target. However, he emphasized that the journey towards this goal is anticipated to be fraught with obstacles, as underscored by the latest data. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts ZeroHedge: Futures Flat As "Crazy Week" Begins READ MORE Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Central Banks Tread Cautiously in Final Stretch of Inflation Battle READ MORE New Highs For Gold & Bitcoin: Monthly Wrap with Alan Hibbard READ MORE The CPI Metric That’s Lower Today Than It Was in 1800 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
