Fed’s Paulson: For me, the vote was not a close call

  • Inflation is too high, wants to bring it down
  • This is a complicated time for monetary policy
  • It’s a low-hire, low-fire economy
  • I hear from price setters that they don’t feel like they can pass on cost increases to consumers
  • I’m weighing that out agains the AI boom and stock markets
  • Has an open-mind where rate policy is going
  • For me, the vote was not a close call
  • I see underlying inflation in the 2.4-2.8% range
  • If we don’t see progress, then we need to act

This article was written by Adam Button at investinglive.com.

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