Two Senior Fed Officials Warn Inflation as Top Threat, Could Keep Current Rate Level

BlockBeats News, June 6th. Federal Reserve Board Governor Lael Brainard and Kansas City Fed President Esther George both stated on Thursday that the current inflation pressure is a more urgent risk than slowing labor market, implying support for maintaining current monetary policy for a longer period. Both officials specifically warned that tariffs may push up prices in the coming months, and the impact may gradually become apparent over time. The market expects the Federal Reserve to keep the current 4.25%-4.50% interest rate range unchanged at the June policy meeting. (FXStreet)