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The Odessa

Federal Reserve official says fighting inflation likely to be ‘painful’

Federal Reserve official says fighting inflation likely to be ‘painful’
Photo: Odessa American (oaoa.com) · view original

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON A top Federal Reserve official said Monday that the renewal of combat in the Middle East in August was a key reason she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year. Susan Colli...

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