Interest rates likely need to rise further to tame inflation that is both demand- and supply-driven. Labor market stable around full employment and not a source of inflation pressure.
Interest rates likely need to rise further to tame inflation that is both demand- and supply-driven.
Labor market stable around full employment and not a source of inflation pressure.
Better for rate hikes to be "earlier and incremental" rather than "later and larger." Even when stripping out supply-related factors, inflation is still "too high" at up to 3%.
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Interest rates likely need to rise further to tame inflation that is both demand- and supply-driven. Labor market stable around full employment and not a source of inflation pressure. Better for rate hikes to be "earlier and incremental" rather than "later and larger." Even when stripping out supply-related factors, inflation is still "too high" at up to 3%.
Commodity shock is more than just oil, includes base metals like copper. He believes inflation could remain well above the Fed's 2% target without additional policy restraint, and he favors acting sooner with smaller rate increases rather than waiting and potentially having to move more aggressively later. That keeps the possibility of further Fed tightening firmly on the table.
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