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Philadelphia Federal Reserve President Anna Paulson signals more tightening may be needed for 2% inflation target

  • Anna Paulson signaled that additional tightening may be needed to reduce elevated inflation.
  • Inflation remains stubbornly elevated relative to the Federal Reserve’s 2% target.
  • Paulson made her first public remarks since last week’s rate decision Thursday.

Philadelphia Federal Reserve President Anna Paulson said additional monetary tightening may be needed to bring stubbornly elevated inflation back to the central bank’s 2% target. The comments, delivered Thursday at an event, were her first public remarks since last week’s rate decision.

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