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Fed's Credibility as Inflation Fighter at Risk, Former NY Fed Chief Warns on May 26

GateNews

2026-05-26 16:03:03

According to Bloomberg, on May 26, former New York Federal Reserve President William Dudley warned that the Federal Reserve's credibility as an "inflation fighter" is at risk of being lost, given its failure to meet the 2% inflation target for over five years. "We have been above the Fed's inflation target for more than five years, and there is a risk that inflation expectations could eventually become unanchored," Dudley said.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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