Latest

US facing greater risk from inflation than labor market: Fed official
US facing greater risk from inflation than labor market: Fed official
Economy
by  AFP

The US continues to face a greater risk from underlying inflation than from any weaknesses in the labor market, despite recent progress, a senior Federal Reserve official said Friday. The Federal Reserve has a dual mandate from Congress to keep both inflation and unemployment under control, and recently began rolling back high interest rates in order to better support the labor market.