FILE PHOTO: The Federal Reserve building is seen in Washington, U.S., October 20, 2021. REUTERS/Joshua Roberts/File Photo
December 3, 2021
(Reuters) – Top Federal Reserve official Loretta Mester has warned that the Omicron coronavirus variant threatens to fuel soaring inflation in the United States by further pressuring supply chains and worsening worker shortages, the Financial Times said.
“If it turns out to be a bad variant it could exacerbate the upward price pressures we’ve seen from the supply-chain problems,” Mester, the president of the Cleveland Fed, told the paper in an interview on Thursday.
(Reporting by Radhika Anilkumar in Bengaluru; Editing by Clarence Fernandez)
Source: One America News Network
