The U.S. Federal Reserve will be behind the curve in containing inflation coming out of the pandemic, two former monetary policy makers said on Thursday.
Ex Fed Vice Chairman Roger Ferguson and former New York Fed Bank President William Dudley said the central bank’s new monetary policy framework -- and its associated forward guidance on interest rates -- all but ensures that it will be slow to react as price pressures mount.
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September 23, 2021 at 09:41PM
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Fed to Be Behind the Curve in Inflation Fight, Ex Officials Say - Bloomberg
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