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US inflation fight will take 'further time': senior Fed official
US inflation fight will take 'further time': senior Fed official
Economy
by  AFP

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday. "We are not yet all the way to our target of two percent," he said in prepared remarks, noting the "disappointing" recent inflation data.