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Fed’s George: If inflation tips over 2%, Fed won’t react to that

Comments from the KC Fed President
Throughout its history, the Fed has always had the tool to rein in inflation — hiking rates. So why have we had inflation? It’s much tough to hike than they would like to believe, especially with the Fed having inserted itself into US politics far too much during the pandemic.

Source: Forexlive RSS Breaking news feed
Date: January 13, 2021, 05:05