4 hours ago
By Michael S. Derby
Aug 4 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said on Tuesday she was keeping an "open mind" about what lies ahead for monetary policy in an outlook that could call for higher rates.
"The recent improvement in some inflation data is welcome" and "it is a step in the right direction, but it is only one step," the official said in a statement from her bank.
When it comes to what the central bank will do next with monetary policy in the current environment, Paulson said: "I am committed to keeping an open mind as I ***** s the evidence and determine the appropriate path for policy."
"My highest priority is delivering 2% inflation while sustaining full employment," she added.
#bank #paulson #step #michael
Aug 4 (Reuters) - Federal Reserve Bank of Philadelphia President Anna Paulson said on Tuesday she was keeping an "open mind" about what lies ahead for monetary policy in an outlook that could call for higher rates.
"The recent improvement in some inflation data is welcome" and "it is a step in the right direction, but it is only one step," the official said in a statement from her bank.
When it comes to what the central bank will do next with monetary policy in the current environment, Paulson said: "I am committed to keeping an open mind as I ***** s the evidence and determine the appropriate path for policy."
"My highest priority is delivering 2% inflation while sustaining full employment," she added.
#bank #paulson #step #michael
