[ワシントン ７日 ロイター] – A Federal Reserve (Fed) official said on Wednesday he was still not convinced the worst of U.S. inflation fears was over, suggesting the Fed would continue to raise interest rates aggressively.
Fed Vice Chairman Brainerd said on Wednesday that the central bank would keep monetary policy tight “as long as necessary to curb inflation,” reaffirming that combating price pressures is a top priority.
The biggest risk now is the worst inflation since the 1980s, according to officials like Brainerd.
However, officials did not offer any hints regarding policy decisions on the day.
Fed Chairman Jerome Powell will also speak on the 8th. It is likely that this will be a formal statement before the US Federal Open Market Committee (FOMC) meeting in September.
In its Beige Book, the Fed’s regional Fed economic report (Beige Book) released on the 7th said, “The labor market remains tight overall, but almost all districts reported some improvement in labor availability. pointed out. “Prices are still at a high level, but nine districts reported that the rate of increase has moderated to some extent,” it said.
“At some point, the risks that Fed policy poses to economic growth will increase and the Fed will be viewed with mixed results,” Brainard said in the transcript of his speech. But for now, “monetary policy must remain restrictive for some time” to gain confidence that inflation is falling toward the Fed’s 2% target.
It said the slowdown in inflation in July was “welcome” but said it would take “several months of reports of low inflation to be confident that inflation is returning to 2%”.
New Boston Fed President Collins said returning inflation to 2% was the Fed’s “first job” and that despite the Fed’s massive interest rate hikes, “there is still work to be done.” showed recognition.
He said at the FOMC meeting in September that “it is too early to say specifically what kind of policy decision would be appropriate,” but that “further action is needed. We have yet to see a significant decline in prices.” emphasized.
Cleveland Federal Reserve Bank President Loretta Mester said on Monday that high rents were still not well reflected in inflation measures and suggested inflation might rise further.
“I’m still not convinced inflation has peaked,” he said in a Market News International webcast. He said he was watching price developments in the services sector, which “tend to be more persistent”, adding that “rents are still very high and will take time to be reflected in underlying inflation.”