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Data dependent: Fed governor Christopher Waller at a conference in California. Waller says the pace and extent of rate cuts this year will depend on inflation data. — Reuters |
Worries over inflation fight as new govt set to come in
ECONOMY
WASHINGTON: The reality of President-elect Donald Trump’s election victory on a platform of aggressive tariffs and deportation of some immigrants landed hard at the US Federal Reserve’s (Fed) meeting last month, with US central bank officials raising new inflation concerns and staff suggesting the incoming administration’s plans may slow economic growth and raise unemployment.
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