Former New York Fed President Dudley: Inflation has not been met for many years, and the Fed's reputation is at risk. On May 26th, according to Golden Jubilee Data, former New York Fed President Dudley warned that due to the long-term failure to achieve the 2% inflation target, the Fed's reputation as an "inflation fighter" is in danger of being lost. We have been above the Federal Reserve's inflation target for over five consecutive years, "said Dudley. And there is a risk that inflation expectations may eventually become anchored, "his remarks highlighted the challenges faced by the new Federal Reserve Chairman, Walsh. At the time when Walsh took over the Federal Reserve, the Consumer Price Index (CPI) recorded its largest monthly increase since 2023, and Trump had previously launched a sustained and fierce attack on Powell for not relaxing monetary policy. Dudley believes that the appointment of Walsh and the pressure from Trump to cut interest rates have further intensified the credibility challenge faced by the Federal Reserve.