Fed's Paulson Calls Policy Suitable as Inflation Remains Too High
Federal Reserve official Paulson said inflation remains too high, driven by multiple forces and a series of shocks rather than structural changes. He said current Fed policy is helping temper higher inflation and that long-run inflation expectations are in a good place.
Paulson said monetary policy is currently suitable and that holding rates steady gives the Fed space to weigh data. He also said inflation had been too high even before the war started.
From the sources (9 posts)
@financialjuiceFed's Paulson: Inflation is too high, and was too high even before the war started.
@firstsquawkFED'S PAULSON STATES INFLATION REMAINS EXCESSIVE AND WAS HIGH PRIOR TO THE WAR.
@financialjuiceFed's Paulson: Inflation is too high due to multiple forces
@financialjuiceFed's Paulson: Long-run inflation expectations are in a good place
@financialjuiceFed's Paulson: Current Fed policy is helping temper higher inflation.
@firstsquawkFED'S PAULSON SAYS MONETARY POLICY IS CURRENTLY SUITABLE.
@financialjuiceFed's Paulson: Holding rates steady gives Fed space to weigh data
@firstsquawkPAULSON FROM THE FED STATES THAT INFLATION HAS NOT UNDERGONE STRUCTURAL CHANGES BUT IS RATHER DUE TO A SERIES OF SHOCKS.
@unusual_whalesFed's Paulson: Inflation is too high due to multiple forces