Dudley: The Federal Reserve's credibility is at risk, inflation target not met

According to Jinshi News, former New York Fed President Dudley warned that, given the long-term failure to achieve the 2% inflation target, the Federal Reserve's credibility as an "inflation fighter" is at risk of being lost. He stated that inflation has been above the Fed's target for more than five consecutive years, and there is a risk of inflation expectations becoming unanchored. This statement highlights the challenges faced by the new Fed Chair Waller.