finance
Federal Reserve official says inflation not returning to 2% target on its own
A Federal Reserve official stated that inflation does not appear to be heading sustainably back to the 2% target without additional policy action. The remarks come as officials continue to monitor price trends.
Jul 16, 4:58 PM·1m read3 sources
UN
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A Federal Reserve official stated that inflation does not appear to be heading sustainably back to the 2% target without additional policy action.
Context on inflation target The 2% target has been the central bank's long-standing benchmark for price stability. Officials have previously indicated that sustained progress toward that level would influence future interest-rate decisions. The statement did not specify what additional measures might be required or when they could be considered.
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