A member of the US Federal Reserve identifies the greatest threat to the economy in 2024 by the Arab Trader

Arabictrader.com – The statements of the US Federal Reserve member in Chicago, Austin Goolsby, today, Friday, addressed the following points:

• Inflation is falling in the optimal way we wanted.
• The US Federal Reserve is on track to bring inflation back towards its target of 2%.
• Housing inflation is what I’m watching, so if it drops to 2%, we’ll be on the right track.
• The American labor market is very strong.
• If any economic shocks occur, we will detect and deal with them.
• China’s economic collapse may pose the biggest risk to the US economy next year.

It is noteworthy that earlier, the head of the Federal Reserve Bank for the state of Cleveland, Loretta Mester, said that the bank’s current monetary policy is at a good level, which provides time for the US Federal Reserve to determine whether the previous steps it took during the last period will help it achieve the goal of price stability. .

In a speech delivered by Loretta Mester at a conference in Chicago, a member of the US Federal Reserve explained that there has been significant progress in the battle to curb high inflation, but she warned that price growth is still higher than the Fed’s target of 2%, explaining that the US economy has proven again that it is more flexible than usual. It was expected.

See the original article