The governor of the Federal Reserve, Adriana Kugler, indicated that the growing risks of inflation provided a strong argument to maintain stable interest rates for a prolonged period.
Key quotes
See a stable monetary policy ‘for some time’ according to recent inflation data.
He firmly supported the stable rates policy in the January FOMC.
Future changes in Fed policy will be driven by the data.
There are important upward risks for inflation.
It indicates a great increase in some readings of inflation expectations.
Inflation has been moving laterally for a while.
The labor market has been repeated substantially.
Salaries are not a key factor in inflationary pressures.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
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