Fed's Bostic: Real risk that inflation expectations drifting from 2% target to 4% or higher By Frank_Macro Fed Inflation InterestRate
said on Tuesday that there is a "real danger" of inflation expectations drifting from the Fed's 2.0% target to 4% or higher. If current levels of Fed support are left in place, he added, it could fuel more inflation and thus warrant action "soon" to reduce accommodation. "The business response to what appeared short-term supply and other problems could change the long-run path of inflation.
"The goal of coming policy actions is to ensure expectations about inflation don't become untethered.""The pandemic induced price changes could "grind on" long enough to "fundamentally alter" how the public thinks about inflation." Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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