SAN FRANCISCO - The Federal Reserve has not lost credibility in its promise to keep inflation around 2 percent, despite a recent drop in the pace of price increases and a longstanding shortfall from its goal, Cleveland Federal Reserve Bank President Loretta Mester said on Friday.
Inflation expectations, she said, remain stable, and show no sign that businesses or households have lost faith that the Fed will let inflation slip, she said, rebutting perhaps the main argument of policymakers who feel interest rates should be cut soon. Mester said she sees risks to her outlook for economic growth of 2 to 2.5 percent as balanced, and with job growth continuing there seemed no reason to consider raising or lowering rates.
The Fed earlier this week kept interest rates steady at their current range of between 2.25 and 2.5 percent. Investors had expected a signal the Fed might reduce rates in coming months after new data showed inflation, excluding volatile food and energy prices, running at around 1.6 percent, below the Fed’s 2 percent goal.
if that's not a reptilian alien I don't know what is...
Nice face 👹
Still not as ugly as what the Fed Reserve corporation has done to the value of a dollar.
Damn Twitter is full of mean assholes.
Yo how many times are you going to repost this sabertooth?
'You ruins it!'
Vampire ?