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MNI INTERVIEW (RPT): Fed Hikes To Weaker Growth If Prices High

(MNI) Washington

Ex-Governor Stein says risk of inflation expectations surge means Fed can no longer "look through" energy price spikes.

(Repeats article first published on July 15)

The Federal Reserve will likely keep raising interest rates even if the economy slows considerably as long as headline inflation remains elevated because the risk of unanchored expectations means it can no longer look through energy price shocks, ex-Fed governor Jeremy Stein told MNI.

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(Repeats article first published on July 15)

The Federal Reserve will likely keep raising interest rates even if the economy slows considerably as long as headline inflation remains elevated because the risk of unanchored expectations means it can no longer look through energy price shocks, ex-Fed governor Jeremy Stein told MNI.

Keep reading...Show less