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 Fed's Rate Strategy for 2024: Stability Over Cuts, Says One Wall St Analyst READ MORE Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi READ MORE Asia gold: Dealers grapple as sky-high rates erode demand in key hubs READ MORE How Much Gold and Silver Should I Buy for My Portfolio? READ MORE Add a Comment Cancel replyYour email address will not be published.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
