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Fed’s Barkin and George Say Inflation Fight Isn’t Over Despite Promising Signs
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Inflation readings have been encouraging recently, but the Fed’s fight against rising prices isn’t over, the leaders of the Richmond and Kansas City Federal Reserve banks said Friday.
The U.S. central bank must remain vigilant on reducing inflation even as rising interest rates could boost the risk of recession, Richmond Fed President Tom Barkin said at a forum in Durham, N.C.
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