Fed’s Paulson says current interest rate level ‘appropriate’
High inflation accompanied by widespread pessimism in US labour market, FOMC member notes
The US Federal Reserve’s monetary policy stance is well positioned to balance risks in inflation and the labour market, a member of its rate-setting committee has said.
In a speech at a conference hosted by the Federal Reserve Bank of Atlanta on May 19, Anna Paulson – a voting member of the Federal Open Market Committee this year and president of the Federal Reserve Bank of Philadelphia – said she believed US monetary policy was “appropriately positioned to navigate current challenges”.
“Policy is
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