Two Federal Reserve officials warned of a severe inflation situation, saying it "could even get worse."
Jin10 Data
2h ago

Author:Currency Explorer

According to Jinshi Data on April 7th, as the war with Iran has driven up energy prices while the job market remains sluggish,Both Federal Reserve officials, Hamack and Goolsby, believe that inflation is a more serious problem than employment, suggesting that they support a tight rather than loose monetary policy.In an interview, the two were asked to assess the economic situation using colors, ranging from red ("a matter of life and death") to green ("everything is going well"). Goolsby, in discussing...Inflation OutlookHe said, "At least it's orange."The situation is not optimistic."I was initially optimistic that we would return to our 2% inflation target, but alas, things have recently taken a sharp turn for the worse."Hamak also expressed concern about inflation.She pointed out that inflation has been above target for five consecutive years and has been "basically flat" for the past two years, "and now it's definitely a brighter, more vibrant orange."EmploymentHammark said she was optimistic about the future.Take an optimistic attitudePerhaps it's yellowish-green. Goolsby, on the other hand, rated the labor market as "yellow."

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