Fed Officials See More Work on Inflation Despite Bank Strains
- Boston Fed’s Collins favors sticking at gradual 25 bps pace
- Minneapolis’s Kashkari says service sector still not slowing
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Federal Reserve officials continued to stress the need to lower inflation even as they keep an eye on the fallout from the collapse of Silicon Valley Bank earlier this month.
The comments from the three regional Fed presidents Thursday echoed remarks from Chair Jerome Powell last week that policymakers will not shrink from their responsibility to restore price stability despite banking strains.