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Fed’s Charles Evans says inflation fight top priority even if unemployment ‘goes up a lot’

Por: New York Post Business October 11, 2022

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Chicago Federal Reserve President Charles Evans reiterated Monday that the fight against inflation is the Fed’s most important mission — even if that effort causes a major rise in US unemployment. Evans argued that would be a painful but necessary side effect as the Fed aims to lower prices by tightening monetary policy. The central bank has hiked its benchmark interest rate by three-quarters of a percentage point at three straight meetings.... + full article



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