Skip to content
Back to the daily read

Daily Read: Business

Fed Chief Urges Action on Inflation Target

The head of the Federal Reserve in Cleveland believes that now is the time to take action on inflation. He suggests that waiting will make it harder to bring inflation back down to 2% and increase costs for the public. His comments come as the Fed considers its next move on interest rates.

· Watch on Yahoo Finance

The essential points

  1. 01The Fed chief believes that interest rates are not restrictive enough to hinder business growth.
  2. 02He thinks that waiting to act on inflation will make it harder to achieve the 2% target.
  3. 03The American public will incur increased costs if inflation is not brought under control.
  4. 04The Fed is considering its next move on interest rates in response to inflation concerns.
The full brief

The head of the Federal Reserve in Cleveland believes that now is the time to take action on inflation. He suggests that waiting will make it harder to bring inflation back down to 2% and increase costs for the public. His comments come as the Fed considers its next move on interest rates.