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Fed Chair Wosh says FOMC remains unconvinced inflation is easing

  • Wosh said the FOMC remains unconvinced that inflation is approaching its target.
  • July’s meeting found inflation still too high, with members willing to act.
  • Wosh did not submit a dot plot on this occasion.

Federal Reserve Chair Wosh said the FOMC (Federal Open Market Committee) is not convinced inflation is moving toward its target. The committee’s policy focus remains inflation, and members unanimously agreed at the July meeting that price pressures were still too high and that they were willing to act. Wosh did not submit a dot plot this time.

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