- Fed's governor Quarles: If we saw inflation expectations beginning to change, the Fed acting would help to anchor expectations
Market news
1 June 2021
Fed's governor Quarles: If we saw inflation expectations beginning to change, the Fed acting would help to anchor expectations
- Says his view of inflation has not changed in last few months; still expects inflation to be transitory
- We could be wrong but we do have tools to cope with that, so the right risk-management approach is the one we're doing
- I don't think we should use our tools to address supply chain issues
- The question is whether supply chain disruptions last long enough to affect inflation expectations
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