Dudley: The Federal Reserve's credibility is at risk as the inflation target is not met
ChainCatcher news, according to Golden Ten Data, former New York Federal Reserve President Dudley warned that, given the prolonged failure to achieve the 2% inflation target, the Fed's credibility as an "inflation fighter" is at risk of being lost. He stated that inflation has remained above the Fed's target for more than five consecutive years, raising the risk of inflation expectations becoming unanchored. These remarks highlight the challenges facing the new Fed Chair Walsh.
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