Fed official says tackling inflation will take time, despite signs of progress

Bringing inflation down from 40-year highs is likely to take time and will require slowing economic growth and reducing employer demand for workers, a Federal Reserve official said Tuesday.

Those efforts show tentative signs of progress, Fed governor said Philip Jeffersonin his first public remarks since taking office in May.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button