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Tom McClellan signals persistent gap from Fed zero inflation mandate

Tom McClellan signals persistent gap from Fed zero inflation mandate
Fed inflation gap remains wide

Tom McClellan emphasizes that inflation remains well above the Federal Reserve’s mandate for a zero percent rate as stipulated by the Humphrey-Hawkins Act.

He acknowledges that while one subindex shows promising progress, broader inflation remains a challenge for policymakers. McClellan’s comments reflect ongoing concerns about the effectiveness of measures designed to bring inflation closer to the Fed’s target.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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