“The current rise in inflation should not push the Federal Reserve to tighten monetary policy prematurely, with more months of labor data needed before any changes, as well as more certainty that the pace of price increases will remain above the Fed’s 2% target, “the Chairman of the Chicago Federal Reserve said Tuesday. , Charles Evans, according to Reuters.
Featured Comments (from Reuters)
We are progressing … We are on our way.
It is The benchmark for the reduction in bond buying is likely to be met by the end of this year based on the expected strong job growth.
We would like to see a few more monthly employment reports before we feel like enough progress has been made to start downsizing programs emergency operations put in place for the economy to advance in the pandemic.
Everyone wonders about September, November, December, January.
I don’t think a meeting of either party is going to have a major effect.
Most importantly, the Fed complies with the new framework it adopted last year, and show that you are serious about achieving the maximum employment and achieve an inflation rate that averages 2% over time.
I will be very sorry if we claim victory by averaging 2% and then find ourselves in 2023 with an inflation rate of 1.8% … That would challenge our long-term framework.
If the job continues, it will be good.
Inflation is still something that is going to have to behave differently in the next two years than in the last 10.
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