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Federal Reserve's Daly: There are currently no signs that soaring energy prices are fueling long-term inflation expectations
Golden Finance reports that on May 8th, Federal Reserve’s Daly stated that they are committed to bringing inflation back to the Fed’s 2% target, and that the current monetary policy is “somewhat tight.” If the conflict between the U.S. and Iran is resolved, it will exert downward pressure on inflation. She also mentioned that there are currently no signs that soaring energy prices are pushing up medium- to long-term inflation expectations.