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Worsh: The two aspects the Federal Reserve is focused on—price stability and full employment—are not in conflict with each other.

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ME News, July 14 (UTC+8): Federal Reserve Chair Wosh shared his views on the economy. Wosh said the economic situation is sound and financial markets appear to be operating well, but the real estate market is uneven, partly because the inflation rate has remained above the Federal Reserve’s target level. He said the Federal Reserve can ease this problem by maintaining price stability. When discussing areas such as artificial intelligence, Wosh said, “We are not afraid of growth driven by productivity gains.” Wosh added, “The labor market has shown remarkable resilience.” He said the Federal Reserve will focus on both price stability and full employment, and that these two missions do not conflict— the better the Federal Reserve performs in controlling inflation, the more willing employers will be to hire employees. “We still have work to do on inflation,” he said. (Jin10) (Source: ODAILY)
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