World Economy

Central Banks Signal Sustained Vigilance Against Inflation Threats

Central bank officials across major economies signaled Friday that price pressures remain a persistent concern requiring continued monetary policy attention. European Central Bank presidency candidate Pablo Hernández de Cos cautioned that elevated energy costs present ongoing inflation risks. Federal Reserve officials echoed similar concerns. San Francisco Fed President Mary Daly said additional interest-rate increases will likely prove necessary to control inflation, though the ultimate level remains uncertain. New York Fed President John Williams called for gathering additional economic data to assess price stability threats. Bank of Japan Governor Kazuo Ueda noted that while inflation has reached the central bank's 2% target, the durability of those gains remains uncertain and pricing behavior has not yet stabilized across the broader economy.