Hello. Today we look at how Federal Reserve officials regard the inflation spike, the surprising resilience of remittance payments and ask whether central bankers are talking too much.
Not Everyone Is Scared by Inflation Spike
From Wall Street to the C-Suite to the White House, inflation worries are brewing across America
Perhaps with good reason. Wednesday brought news that the consumer price index had jumped the most since 2009 in April.
For now, though, officials at the Federal Reserve are holding their line that the recent acceleration in price pressures will prove transitory. That means they can maintain their ultra-easy monetary policy in the hope it helps boost demand and hiring.