Federal Reserve Gov. Philip Jefferson on Monday said he does not support calls to raise the central bank's 2% inflation target.
One of President Joe Biden’s new appointees to the Federal Reserve on Monday said he doesn’t support raising the central bank’s 2% inflation target.
In a talk to students at Harvard University, Fed. Gov. Philip Jefferson said that raising the inflation target “would damage the central bank’s credibility.” Many economists worry that the Fed will have to cause a severe economic downturn to get inflation back to the 2% target and so have been calling for the Fed to be pragmatic and accept a higher target. They have been hoping for some support from the new Biden Fed appointees like Jefferson.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Jefferson: Lower inflation without unecessary amount of disruption in job market possibleFederal Reserve Governor Philip Jefferson said on Monday that it is possible for inflation to decline without an unnecessary amount of disruption in t
Read more »
Adam Thielen Says Justin Jefferson Is NFL's Best Wide Receiver, 'For Sure'Vikings star Adam Thielen tells TMZ Sports he believes Justin Jefferson is the No. 1 wide receiver in the NFL today.
Read more »
Jefferson: McCombs’ Texas tale is unlikely to be repeated in today’s tech-driven worldJefferson: McCombs’ is a Texas tale unlikely to be repeated in today’s tech-driven world
Read more »
Flyers place Travis Konecny on injured reserveThe Flyers recalled 21-year-old forward Elliot Desnoyers from the Lehigh Valley to take Konecny's roster spot.
Read more »
Feds seek to limit telehealth prescriptions for some drugsThe Biden administration moved Friday to require patients to see a doctor in person before getting attention deficit disorder medication or addictive painkillers, toughening access to the drugs against the backdrop of a deepening opioid crisis.
Read more »
Parolee Jihad Smith flaunted ghost gun on social media before weapons arrest: fedsSmith, whose rap sheet includes convictions for robbery and attempted murder, had previously posted a snap of the gun to his social media.
Read more »