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MNI BRIEF: Fed Not Considering Revising 2% Price Target-Barr

(MNI) WASHINGTON

The Fed is focused on lowering inflation to 2% and isn't considering revising that underlying target, Vice Chair For Supervision Michael Barr said Thursday, amid some outside arguments the central bank should raise the target .

"We are not at all thinking about revising the target. We are quite committed to the inflation target of 2%. We are quite committed to the steps necessary to get to 2%," Barr told a virtual event sponsored by the American Enterprise Institute.

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The Fed is focused on lowering inflation to 2% and isn't considering revising that underlying target, Vice Chair For Supervision Michael Barr said Thursday, amid some outside arguments the central bank should raise the target .

"We are not at all thinking about revising the target. We are quite committed to the inflation target of 2%. We are quite committed to the steps necessary to get to 2%," Barr told a virtual event sponsored by the American Enterprise Institute.

Keep reading...Show less