Paulson: Focus on employment risks; monetary policy remains restrictive.

12/12 13:15

Philadelphia Fed President Harker stated that her current main concern is the state of the labor market, believing that the current monetary policy stance should help bring inflation back to the 2% target. She is slightly more worried about weakness in the labor market than about upside risks to inflation, and pointed out that as the impact of tariffs gradually fades next year, inflation may gradually decline. Harker emphasized that monetary policy remains somewhat restrictive, and the cumulative effects of past tightening will help bring inflation back to target.

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