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Yellen says one more rate hike needed to curb inflation
Original: Yellen: One More Rate Hike Needed to Curb Inflation, Fading Supply Shocks to Do the Rest
US Treasury Secretary Janet Yellen says one more Federal Reserve rate hike is needed to bring inflation under control, with fading supply shocks expected to do the rest of the work. Her comments suggest optimism that price pressures can ease without aggressive further tightening, a view that will feed debate over how much higher interest rates need to go.
Why now: Markets and economists are closely watching officials' signals about how much further the Fed will tighten policy.
Janet YellenFederal ReserveUnited States
Evidence
- Yellen: One More Rate Hike Needed to Curb Inflation, Fading Supply Shocks to Do the Rest · Kathleen Hays Presents: Central Bank Central
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