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Fed’s Mester Sees Higher Risk of Recession in Inflation Fight

  • It will take few years for inflation to return to 2%: Mester
  • Fed needs ‘compelling evidence’ of price pressures easing
Bloomberg business news
Yellen Says High Inflation Locked In for the Rest of 2022

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Federal Reserve Bank of Cleveland President Loretta Mester said the risk of a recession in the US economy is increasing, and that it will take several years to return to the central bank’s 2% inflation goal.