Fed Vice Chair Warns of Challenges on Road to Inflation Target Federal Reserve Vice Chair for Supervision Michael Barr commented on the economic challenges ahead, noting the U.S.’s path back to 2% inflation “may be a bumpy one.” Despite a year-on-year consumer price increase of 3.1% and a core inflation rate holding steady at 3.9%, largely propelled by rising shelter costs, Barr expressed a cautious optimism. He reaffirmed the Fed’s commitment to steering the economy back to a 2% inflation target. However, he emphasized that the journey towards this goal is anticipated to be fraught with obstacles, as underscored by the latest data. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts As Borrowing Costs Soar, Equity Becomes the New Frontier for Corporate Finance READ MORE Risk of a global recession is minimal, IMF economist says — would take ‘a lot to derail’ READ MORE UK inflation falls more than expected, hits lowest in nearly two-and-a-half years READ MORE Gold Prices are Dropping. CBSNews Shares 5 Good Reasons to Invest Now READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
