ME News, May 27 (UTC+8). On May 26, former New York Fed Chair Dudley warned that, given the long failure to achieve the 2% inflation target, the Federal Reserve’s credibility as an “inflation fighter” faces the danger of being lost. “We have been above the Federal Reserve’s inflation target for more than five consecutive years,” Dudley said. “And there is a risk that inflation expectations could eventually become unanchored.” His remarks underscore the challenges facing new Fed Chair W... as he takes over. As W... took charge of the Fed, the Consumer Price Index (CPI) recorded its largest single-month increase since 2023, and previously, Trump had launched sustained and fierce attacks on Powell for not easing monetary policy. Dudley believes that W…’s appointment and Trump’s pressure to cut interest rates have further intensified the Fed’s credibility challenges. (Source: BlockBe

MeNews

2026-05-26 17:38:54

ME News message: On May 27 (UTC+8), May 26, former New York Fed Chair Dudley warned that, given the long failure to achieve the 2% inflation target, the Federal Reserve’s credibility as an “inflation fighter” is in danger of being lost. “We have been above the Federal Reserve’s inflation target for more than five consecutive years,” Dudley said. “And there is a risk that inflation expectations could eventually become unanchored.” His remarks highlight the challenges facing new Fed Chair Waš. As Waš took over the Fed, the Consumer Price Index (CPI) recorded its largest single-month increase since 2023, and prior to that Trump had launched sustained, fierce attacks on Waš for not easing monetary policy. Dudley believes that Waš’s appointment and Trump’s pressure to cut interest rates have further intensified the credibility challenges faced by the Federal Reserve. (Source: BlockBeats)

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LittleSunOfStainedGlass

· 3h ago

Five-year super goal, expected de-anchoring risk, this script is frighteningly familiar

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GateUser-f7b40cee

· 18h ago

Wosh: What kind of scam am I involved in?

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RugPullEnjoyer

· 19h ago

Do the people who praised the Federal Reserve's independence back then still feel proud now?

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GateUser-870b5e71

· 19h ago

Didudeli jump out at this moment, is he trying to intimidate Wash or just seeking a sense of presence for himself?

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TheGiantWhaleInTheReflection

· 19h ago

The 2% target has become the eternal unattainable white moonlight.

View OriginalReply0

MechanicalHummingbird

· 19h ago

The credibility of the Federal Reserve can disappear just like that.

View OriginalReply0

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Former New York Fed President: The Federal Reserve's credibility as a "fighter against inflation" is at risk

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