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Top Fed official warns of more persistent price pressures

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New York Fed President John Williams warned that reducing inflation to the Fed’s 2% target would take more time because of how price pressures have spread across the US economy (Photo: Bloomberg)Premium
New York Fed President John Williams warned that reducing inflation to the Fed’s 2% target would take more time because of how price pressures have spread across the US economy (Photo: Bloomberg)

‘Tighter monetary policy has begun to cool demand and reduce inflationary pressures, but our job is not yet done,’ said New York Fed President John Williams

 

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