Federal Reserve's Mossala: Interest rates need to remain unchanged for some time.

CoinFeed reported on April 16th that, according to Jinshi News, Federal Reserve Chairman Mossala Mossala stated on Wednesday that high oil prices could push core inflation nearly one percentage point above the Fed's 2% target for the remainder of the year, potentially requiring the Fed to maintain interest rates. Mossala said, "We are likely to see some transmission of oil prices to core inflation," and that by the end of the year, the underlying measure of price increases will be "slightly below 3%, perhaps around 3%," with further upside risks. Mossala said the Fed is likely to keep its policy rate in the current 3.50%-3.75% range "for some time," while monitoring inflation, employment, and economic data in the coming months; many of his colleagues share this view. The impact of last year's tariff increases may gradually fade this quarter, and housing price inflation is also weakening.