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Fed more worried about risks of 'unacceptably high' inflation than overdoing rate hikes, meeting minutes show

Por: MarketWatch Politics October 13, 2022

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The minutes of the Fed’s meeting underscore that top officials were disappointed and worried about persistently high inflation. “A sizable portion of the economic activity has yet to display much response,” the Fed minutes said. “Inflation had not yet responded appreciably to a policy tightening.” While some senior Fed officials also worried the bank could go too far and damage the economy, the majority appeared to believe it was vital... + full article



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