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Add as a preferred source on GoogleHassett Says Fed May Act if October Inflation Is Indeed Very High
His Oct. 29 remark gave no numerical threshold for very high inflation and did not name a possible Fed action.
White House National Economic Council Director Hassett said Oct. 29 that the Federal Reserve may act if October inflation is indeed very high, making any possible response contingent on the inflation reading.
Hassett did not give a numerical threshold for very high inflation or identify what action the Fed might take. The remark described a conditional possibility without specifying a policy step.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.