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The Fed: Outgoing Fed official Clarida sticks to his guns and says inflation will prove ‘transitory’

The Fed: Outgoing Fed official Clarida sticks to his guns and says inflation will prove ‘transitory'

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Outgoing Fed Vice Chair Richard Clarida, in what is likely his last comment in office on the economy, said Thursday that he still believes the higher inflation seen last year will be “transitory” meaning it will reverse without leaving much trace on the economy.

...read full article on Market Watch

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