FedIMPORTANT
Fed Chair Warsh (Q&A): There is no soft inflation, no implicit inflation target; there's a target of price stability, and it's 2% as measured by PCE
ORIGINAL · NewsquawkFed Chair Warsh (Q&A): There is no soft inflation, no implicit inflation target; there's a target of price stability, and it's 2% as measured by PCERead originalHide original
Inflation expectations have gone up in the near term, but longer-term measures show households and businesses have confidence that the Fed will deliver price stability.
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Warsh stated the Fed’s 2% PCE price-stability target and rejected an implicit target; the article also reports higher near-term expectations and longer-term confidence.
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Inflation expectations have gone up in the near term, but longer-term measures show households and businesses have confidence that the Fed will deliver price stability.
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