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Fed ‘Nowhere Near’ Finished With Inflation Fight, Daly Says

  • Mester: price stability is top goal; Daly says it’s a ways off
  • Evans hopeful on smaller rate hikes; Bullard says no recession
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Fed's Powell Says US Is Not Currently in Recession
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Federal Reserve officials effectively pushed back against a narrative in financial markets over the past week that policy makers are envisioning a pivot away from tightening amid evidence of a turn in the economy.

Four Fed district-bank presidents highlighted in remarks on Tuesday that there was no sign yet of inflation easing. San Francisco Fed President Mary Daly said “we are still resolute and completely united” in the objective of getting inflation down around the 2% inflation target.