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Fed Officials Stress Continued Efforts Needed to Control Inflation Without Harming Labor Market

share-iconSunday, January 05 comment-icon2 weeks ago 6 views
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reutersREUTERS
Fed Officials Stress Continued Efforts Needed to Control Inflation Without Harming Labor Market

Credited from: REUTERS

  • Two Federal Reserve policymakers indicate that efforts to control inflation are not yet complete.
  • Adriana Kugler and Mary Daly emphasize the importance of maintaining a stable labor market during these efforts.
  • Inflation rates were recorded at 2.4% in November, with a target of 2% set by the Fed.
  • Kugler noted, "no one is popping champagne anywhere," indicating a cautious approach to inflation control.
  • Daly expressed a desire to avoid further slowdowns in employment and seek gradual adjustments instead.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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