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The US Federal Reserve may be on track to bring down inflation while avoiding a damaging recession, a senior policymaker said Thursday. "I continue to expect that we will need to increase the federal funds rate further to bring inflation down to our two percent target in a timely way," Bowman told a conference in Ohio earlier this month.
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During appearances on Tuesday, Chicago Fed President Austan Goolsbee said the economy was making sufficient progress on inflation, while Fed Governor Michelle Bowman said further rate hikes may be needed.
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