Cleveland Fed's Pianalto on central bank goals

In a speech on 'Central banks: Different paths, same goal' given on 21 February, Sandra Pianalto of the Federal Reserve Bank of Cleveland said US inflationary pressures remain muted despite a surge in January wholesale prices.

"While I continue to stay alert and aware of whether I see an increase in inflationary pressures, I don't see them at this time," she said.

Pianalto also said that the Fed has a good track record on bringing down inflation, without setting an inflation target.

"We have been

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