- Analytics
- News and Tools
- Market News
- Fed's Jefferson: Wage inflation too high to be consistent with timely return to 2% inflation
Fed's Jefferson: Wage inflation too high to be consistent with timely return to 2% inflation
Wage growth in the US is running too high to be consistent with a timely and sustainable return to the Federal Reserve's 2% inflation objective, Federal Reserve Governor Philip Jefferson said on Friday.
Additional takeaways
"Fed is addressing inflation promptly, forcefully to maintain its credibility, preserve inflation anchor."
"Outlook for non-housing core services inflation depends on whether labor demand moves into better balance with labor supply."
"Ongoing imbalance between supply and demand for labor suggests high inflation may come down only slowly."
"Fed's credibility is higher now than in 1960s and 1970s."
"Argument that policymakers should accept that disinflation will be costly is well-reasoned."
"Current situation is different from past inflation fights."
"Policymakers must complement findings from economic models with careful scrutiny of real-time data."
Market reaction
The US Dollar Index showed no immediate reaction to these comments and was last seen rising 0.6% on the day at 105.19.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
