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Fed Official Says Central Bank Must Contain Inflation
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A Federal Reserve official said that the central bank is committed to bringing inflation down by reducing demand for goods and services and that it is possible to slow price growth without pushing the economy into a recession.
“Inflation is too high, and my job is to get it down,” said Fed governor Christopher Waller during a moderated discussion in Minneapolis on Tuesday. “We have to cool off demand and try to get inflation pressures down.”
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