Fed’s Daly: We want to lower inflation without crippling growth

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Friday 24/06/2022 | 19:59 GMT-0

06/24/2022 | 19:59 GMT-0

  • If supply continues to fall and inflation remains high, we will have to do more, otherwise we can do less
  • There will likely be some slowdown in the economy, but not a recession
  • We have the tools to bring down inflation, it’s our number one priority
  • The extent of further tightening depends on factors beyond the Fed’s control

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