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 Deciphering the U.S. Economy's Post-Pandemic Strength READ MORE Gold Retreats to Weekly Low amid Strong Job Data and Powell's Comments READ MORE U.S. job growth totaled 275,000 in February but unemployment rate rose to 3.9% READ MORE "I've Been Warning About THIS For a YEAR, Well Here It Is" Decoding the Banking Sector Plunge READ MORE China’s young investors are stockpiling gold beans READ MORE Add a Comment Cancel replyYour email address will not be published.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