Reaching 2% Inflation Will Be Challenging for the Fed, Feroli Says

Mike Feroli, Chief US Economist at JPMorgan, said the Federal Reserve will face challenges in reducing inflation below its 2% target. Feroli stated he was surprised by Fed Governor Lisa Cook's call for the FOMC to raise rates by a quarter percentage point. His comments were made during an appearance on Bloomberg Surveillance.

• Bloomberg — Reaching 2% Inflation Will Be Challenging for the Fed, Feroli Says

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