5/18, 8:17 PM (Source: TeleTrader)
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Fed nominee Barr: Inflation is running far too high

Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System nominee William Barr stated on Wednesday that the inflation in the United States is "running far too high," while adding that it is "affecting communities all across" the country.

"I would be strongly committed to bringing down inflation to the Federal Reserve's target, consistent with the Federal Reserve's dual mandate of maximum employment and price stability," said Barr in a statement.

He also added that if confirmed as Vice Chairman of Supervision, he will be firmly committed to the Federal Reserve's responsibilities.

Baha Breaking News (BBN) / JG