Federal Reserve's Musalem: The inflation rate is expected to trend towards 2% over the next two years
Bitget news, Federal Reserve's Musalem stated that the inflation rate is expected to approach 2% in the next two years. Recent data shows an increased risk of stagnation in inflation. The risks of easing too much and too quickly are greater than those of easing too little. There is uncertainty about the neutral interest rate, which could be between 3% and 4%. The Fed's policy interest rate is currently far above the neutral level. Monetary policy has been prepared for the future. Uncertainty about the neutral interest rate is a reason to remain cautious.
The US dollar index DXY rose by 13 points in short-term trading, now reporting at 106.60.
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