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Fed’s Dudley says 2% inflation target will remain elusive even if price pressures pick up

“The outlook for inflation seems to be the critical factor in assessing whether the Fed will continue to gradually raise interest rates” writes Senior Economics Reporter for He said he wanted the central bank to hold interest rates steady.Louis Fed President James Bullard said this week he did not expect inflation would accelerate.Dudley predicted the tight labor market combined with the weaker dollar should begin to foster upward inflation pressure soon.See: Here’s what Chicago Fed President thinks about the economy and interest rates And, St.

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