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Derby’s Take: A Hawkish Case for Fed Action on Inflation Emerges
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Federal Reserve Chairman Jerome Powell’s clear guidance that the U.S. central bank doesn’t need to raise short-term interest rates soon is facing a nascent challenge by one of the institution’s most reliable hawks.
On Friday, Kansas City Fed leader Esther George warned that an outlook for inflation laid out by Mr. Powell on Wednesday may not accurately describe the inflation environment, with potential implications for monetary policy.
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