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Fed Official: ‘We Have a Lot More Work to Do’ to Bring Inflation Down
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A Federal Reserve official said job growth will need to slow and the labor market will have to weaken somewhat for the central bank to have confidence that inflation will return to a low and stable level.
While some inflation data has shown signs of improvement recently, “we have a lot more work to do,” said Fed governor Michelle Bowman in remarks prepared for delivery at a gathering of bankers in Miami on Tuesday.
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