Richmond Fed President predicts that US inflation rate will continue to decline - FT

November 21, 2024 20:10 JST
The United States is more vulnerable to inflation shocks than before
Companies express 'concern' about the impact of Trump's policies on inflation
Richmond Fed President Burkin expects the US inflation rate to continue to decline. This was reported in an interview with the president by the British newspaper Financial Times (FT).
According to the same president, the United States has become more vulnerable to inflation shocks than before, and warned that companies are now more easily passing costs on to consumers.

Companies note 'concern' about the impact of President-elect Trump's tariffs and immigration plans on inflation.
President Birkin also argued that monetary policy should not be adjusted ahead of the possibility of changes in economic policy. He emphasized that future interest rate decisions will depend on the data.