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Fed's Brainard warns restrictive interest rates may be needed 'for some time'

Por: Fox Business Business September 30, 2022

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Core PCE price index comes in hotter than expected as inflation continues to rage in U.S. Federal Reserve Vice Chair Lael Brainard on Friday stressed the need to combat scorching-hot inflation with higher interest rates and pledged the central bank will not prematurely pull back on tighter monetary policy. In a speech at the Federal Reserve Bank of New York, Brainard emphasized that officials will proceed both deliberately and in a... + full article



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