Fed and Warsh under increasing pressure to keep rates higher, thanks to labor market strength
CEI senior economist Ryan Young gave comment to the Washington Examiner regarding price stability.
Ryan Young, senior economist at the Competitive Enterprise Institute, told the Washington Examiner that right now, the Fed would rather focus on the price stability side of its dual mandate.
“Since they contradict each other, they really have to prioritize one or the other, because you can’t have both,” Young said. “So, right now, it seems like they’re in the price control side of things, and the fact that the labor market is holding steady is fantastic news for that.”
And the inflation numbers have been a bit concerning.