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The Federal Reserve will continue “working” to reduce inflation, according to Waller

The Federal Reserve will continue “working” to reduce inflation, according to Waller

The governor of the Federal Reserve, Christopher Wallerreiterated on Tuesday the US central bank’s determination to reduce the inflation to its 2% target, but did not comment on the economic outlook or offer an opinion on the best immediate course for the monetary politics.

“Price stability is a primary responsibility of the Federal Reserve”Waller said in remarks prepared for a conference at the Mercatus Center at George Mason University in Virginia. “That is why we have taken aggressive measures aimed at reducing inflation and why we will continue working to achieve our goal.”

Waller has been a strong supporter of Fed interest rate increases that have brought the short-term policy rate to its current range of 5.25%-5.50%.

Source: Reuters.

Source: Gestion

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