New documents detailing closed-door discussions at the most recent Federal Reserve policy meeting show officials softening their “transitory” view of inflation, acknowledging the recent bout of higher prices as more intense and longer-lasting than they previously believed while vowing to act more aggressively if inflationary pressures stay elevated for too long. Minutes of the Nov.
https://www.theepochtimes.com/fed-officials-tweak-transitory-inflation-narrative-vow-action-if-price-pressures-stay-too-high_4123824.html

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