Jefferson, Vice Chairman of the Federal Reserve, has just reiterated a key message for the markets: the central bank's credibility in its fight against inflation remains solid. According to ChainCatcher, this statement is particularly significant because it points to a fundamental indicator of inflation control: inflation expectations anchored among economic agents.
When market participants maintain well-anchored inflation expectations, it means they trust the credibility of monetary authorities to meet their objectives. This confidence is crucial because if expectations become unanchored, the
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