Inflation is cooling, but the Fed is going to remain aggressive until it falls closer to its target, former Treasury Secretary Jacob Lew says

Dec 13 2022 by Business Insider

 
U.S. Treasury Secretary Jacob Lew listens during a panel discussion at the North American Energy Summit in the Manhattan borough of New York, June 10, 2014.

REUTERS/Adam Hunger

The Federal Reserve will remain aggressive despite cooling inflation, according to Jacob Lew.  The former Treasury Secretary told CNBC on Tuesday that inflation has yet to fall to a "safe zone." "That's going to take a long time," he said. 

Don't expect the Federal Reserve to pivot from tightening monetary on signs...

Continue Reading Inflation is cooling, but the Fed is going to remain aggressive until it falls closer to its target, former Treasury Secretary Jacob Lew says