Fed’s Jeffereson: Some components of inflation have proved persistent, lowering them will take time
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Federal Reserve Governor Philip Jefferson said on Monday, per Reuters, “Fed is ‘still learning’ how much impact its interest rate increases have had on the economy and inflation.”
“Inflation ‘has started to come down,’ with some of that due to tighter monetary policy and some due to other factors such as improving global supply chains,” Fed’s Jefferson said in remarks prepared for delivery at an event at Washington and Lee University.
Following the speech, the policymaker also participates in the Question and Answer (Q&A) session.
EUR/USD was last seen rising to 1.0800, extending the week-start rebound amid sluggish Asian session.
Also read: EUR/USD rebounds after two consecutive days of losses, boosted by risk-on impulse, weaker USD
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