November 27, 2022

Fed’s Jefferson says low inflation key to U.S. prosperity

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Excessive inflation hurts low-income households hardest, and bringing it down is one of the simplest ways for the Federal Reserve to assist deliver prosperity to Individuals broadly and slim the financial gaps between demographic teams, a prime Fed official mentioned Thursday.

“Low inflation is vital to reaching an extended and sustained enlargement — an economic system that works for all,” Fed Governor Philip Jefferson mentioned in remarks ready for supply to a analysis convention on alternative and inclusive…

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