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WASHINGTON, Jan. 23 (Xinhua) -- U.S. Federal Reserve Governor nominee Marvin Goodfriend said on Tuesday that the current Fed policy is ""more or less on the right path,"" suggesting that he might support the current pace of gradual monetary normalization.


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Goodfriend, an economics professor at Carnegie Mellon University, has warned of the risks of rising inflation although the unemployment rate remained at high levels.


On Tuesday, he defended his view on inflation, saying that ""the essence of Federal Reserve's position to stimulate the economy was based on years of generated credibility for anchoring long-run inflation... to drive unemployment down.""


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In November last year, President Donald Trump nominated Goodfriend for the post of the governor of the Federal Reserve Board.


Before his career as economics professor, Goodfriend was senior economic advisor at the Reagan administration and director of research at the Federal Reserve Bank of Richmond.



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