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Fed's Kashkari says central bank must lower inflation pressures
Original: Fed’s Kashkari says central bank must lower inflation pressures
Minneapolis Fed President Neel Kashkari said the Federal Reserve must work to bring down inflation pressures, underscoring the central bank's commitment to its price-stability goal. His comments come as policymakers weigh how much further to restrict monetary policy, with markets watching closely for signals on the path of interest rates.
Why now: Markets and the public are closely watching Federal Reserve officials' statements for hints about future interest rate decisions amid persistent inflation concerns.
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