George (Fed) wants more evidence of slowing inflation in services











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(Reuters) – The U.S. Federal Reserve (Fed) should be “patient” about a possible decline in the cost of credit and wait to see price increases in the services sector come down in earnest, Esther George said on Friday. the outgoing president of the Kansas City branch.

“Now, for me, the focus is really on the service sector and the inflationary pressures that we continue to see there,” she said in an interview with Bloomberg TV.

“It looks like we’ll have to be a bit more patient to see if we’re on the right track and if we’ll make it convincingly towards that 2% target,” she added, referring to the inflation target. in the medium term by 2% of the American central bank.

According to Esther George, who will leave office on January 31, labor shortages could represent “severe constraints” to a sustained decline in inflation.

(Report Lindsay Dunsmuir; French version Claude Chendjou, edited by Blandine Hénault)










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