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Fed’s Mester says supply shocks potentially require policy response

1 min read . Updated: 29 Jun 2022, 06:26 PM IST MICHAEL S. DERBY, The Wall Street Journal

Cleveland Fed president says central bank might no longer be able to ignore inflation sources that monetary policy can’t easily address

Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that the central bank might no longer be able to ignore sources of inflation that monetary policy can’t easily address given how those types of rising prices can affect consumers’ moods.

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