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Philadelphia Fed’s Paulson Says Fed May Need to Act if Inflation Progress Stalls
Minseung Kang
Summary
- Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said the Fed may need to take additional action if there is no progress in slowing inflation.
- Paulson said this is a complicated period for conducting monetary policy and that inflation remains too high and needs to come down.
- Paulson said a modestly restrictive monetary policy stance is needed and that the Fed will need to act if there is no progress in bringing down inflation.
Anna Paulson, president of the Federal Reserve Bank of Philadelphia, said the Federal Reserve may need to take additional action if progress on slowing inflation stalls.
Paulson told CNBC on August 4 that this is a complicated period for setting monetary policy, according to Walter Bloomberg, a real-time markets news feed. Inflation remains too high, and she wants to see it move lower.
She said a modestly restrictive monetary policy stance is needed and that the Fed’s current policy appears to have already reached that level.
If there is no progress in bringing inflation down, the Fed will need to act, Paulson added.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.