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 The Great American Housing Squeeze: Construction Costs Out of Reach for Most READ MORE Analysts Predict Brighter Prospects For Gold Ahead in 2024 READ MORE Fed’s dovish pivot ‘inertia’ may spell trouble for long-term bonds, BlackRock says READ MORE US Consumers Feel the Pinch as Inflation ConcernsLinger READ MORE Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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
