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MNI PODCAST: FedSpeak - Wright Sees Steady Inflation Decline

(MNI) WASHINGTON

Fed to hike a few more times before pause and then hold until at least year end, St. Louis Fed economist says.

  • U.S. inflation have turned decidedly lower and are likely to continue their downward path over the course of this year, St. Louis Fed economist Mark Wright said.
  • Wright says the Fed will pause after "a few" more rate hikes and then assess the situation; rate cuts not on the cards this year.
  • Wright is hopeful that the recent strength in jobs means the Fed can bring down inflation without a major hit to economic growth.

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  • U.S. inflation have turned decidedly lower and are likely to continue their downward path over the course of this year, St. Louis Fed economist Mark Wright said.
  • Wright says the Fed will pause after "a few" more rate hikes and then assess the situation; rate cuts not on the cards this year.
  • Wright is hopeful that the recent strength in jobs means the Fed can bring down inflation without a major hit to economic growth.