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Fed's Williams Says Lowering Inflation is Central Bank’s Main Mission
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Federal Reserve Bank of New York President John Williams said that lowering inflation is the U.S. central bank’s main mission now and he doesn’t think moving monetary policy to a more restrictive stance would cause a recession.
“The challenge for monetary policy today is clear: to bring inflation down while maintaining a strong economy,” Mr. Williams said in a speech Tuesday in Germany. “I am confident we have the right tools to achieve our goals,” he said.
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