Institutions: Inflation remains the Federal Reserve's primary policy concern

TechFlow reported on August 20 that Karen Mannarino, fixed income strategist and portfolio manager at Hermes Investment Management, stated in a report that U.S. inflation remains policymakers' primary concern. Federal Reserve officials have maintained significant consistency on this message. Policymakers have also repeatedly noted that the current U.S. labor market is no longer considered the main source of inflationary pressure. Instead, employment conditions are increasingly viewed as closer to balance. As a result, the policy framework has shifted from labor market concerns to inflation as the primary variable. (Jin10)