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Fed's vice chair warns inflation remains high, but Fed needs time to assess rates
Federal Reserve vice chairman Philip Jefferson acknowledged that inflation has remained too high for too long, but said the central bank should watch and assess whether it will come down in a timely manner.
Federal Reserve Vice Chairman Philip Jefferson struck a more cautious tone than several of his colleagues this week, acknowledging that inflation has remained too high, but urging that as bond markets send long-term yields higher, the central bank sh... [2568 chars]
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