Fed's Kugler: Anti-inflation process may have stalled
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Planet Daily News: Federal Reserve Governor Brainard stated that the latest data suggests progress towards the 2% inflation target may have stalled. Given stable economic activity and employment, she supports maintaining the current policy interest rate as long as upside inflation risks persist. Inflation expectations are rising, and upcoming policy changes pose upward risks to inflation. Fortunately, the increase in long-term inflation expectations has been modest so far. Due to recent high inflation, consumers may be more sensitive to potential further price increases. Labor market indicators show continued slowdown, but not a significant weakening. (Jinshi)
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