Fed’s Harker Expects Inflation to Surpass Target by 1 Percentage Point

Federal Reserve official Patrick Harker anticipates this year’s inflation will exceed the central bank’s goal, signaling persistent price pressures.

200d ago

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Terms & Concepts

Federal Reserve: The central banking system of the United States, responsible for monetary policy and regulating banks.
Inflation rate: The percentage increase in the general price level of goods and services over a specific period.
Inflation target: A set goal for the annual inflation rate, used by central banks to guide monetary policy.