Mon, Dec 05, 2022 @ 02:20 GMT
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Fed Harker: Shelter inflation and food particularly alarming

Philadelphia Fed President Patrick Harker said in an article, “inflation is far too high across most goods and services in our economy. But I find shelter inflation, along with food inflation, particularly alarming…. We must do everything we can to get shelter inflation under control.”

“Monetary policy has a role to play here, and the Federal Reserve is working to stabilize inflation and put the economy on a firmer footing for the long haul,” he said. “But getting shelter inflation under control will require action not just by the Fed, but also by federal, state, and local governments.”

Full article here.

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