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All Talk, Few Answers From FOMC for Yellen’s Long Inflation Miss

  • ‘Inflation’ dominated discussion in November meeting minutes
  • Yellen’s December press conference didn’t reveal much progress
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Most Fed Officials Backed Continued Gradual Rate Hikes

Janet Yellen’s Federal Reserve probably didn’t make much progress last month toward resolving the biggest topic of debate during her tenure leading the central bank: low inflation.

Minutes of the U.S. central bank’s Dec. 12-13 policy-setting Federal Open Market Committee gathering will probably show the outlook for consumer prices continued to dominate the discussion when they are published Wednesday in Washington.