Chicago Federal Reserve President Michael Moskow on Wednesday did not rule out another interest rate increase to tamp down inflation, even after a recent run of soft economic data.
The risk of high inflation is still greater than the risk of economic growth falling too low, Moskow said in comments to the Jewish United Fund similar to his most recent speech last month.
Moskow said that recent financial market volatility “imparts more uncertainty to the outlook” but did not shake his generally upbeat view on the economy.
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Moskow is a voting member of the policy-making Federal Open Market Committee this year but will retire in August.
