US facing greater risk from inflation than labor market: Fed official …C0NTINUE READING HERE >>>
Fed Governor Michelle Bowman said she still sees a ‘greater risk’ to price stability than to the jobs market.
Photo: Eric BARADAT / AFP
Source: AFP
The US continues to face a greater risk from underlying inflation than from any weaknesses in the labor market, despite recent progress, a senior Federal Reserve official said Friday.
The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest…
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