The president of the Federal Reserve of Kansas City, Esther Georgesaid on Friday that the inflation is well ahead of the long-term average and added that the labor market seems to have more room to recover, as reported by Reuters.
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“There are reasons to expect that inflation will eventually moderate, but the risk of prolonged high inflation has increased“.
“The choices for policy makers are complicated by uncertainty on the outlook for how long the labor market frictions will last. “
“Disruptions in supply have contributed to the increase in prices.”
“Now may be one of those times when the Fed’s goals seem to be in conflict.”
“The tension in the labor market could prove temporary.”
“The indicator figures point to a tight labor market.”
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