Federal Reserve's Musalem: Recommended a rate hike in July

Odaily News: Federal Reserve's Musalem stated that he recommended a rate hike in July, hoping to bring inflation down to 2% within 18 months. When supply shocks occur, focus must be on core inflation. Forward guidance implies a commitment, while communicating the policy framework is a different matter. The labor market is not exerting inflationary pressure. (Jin10)