Philadelphia Federal Reserve President Anna Paulson said on Thursday that further interest-rate increases may be necessary to return inflation to the central bank’s 2% target, according to Reuters.
Inflation “remains stubbornly elevated,” Paulson said in remarks at a regional Fed bank event. “Returning inflation to 2% is a top priority, and I will support the policy path that gets us there while carefully weighing risks to the labour market along the way.”
