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Jason Furman: The Fed Can Take Its Time Taming Inflation

The ‘last mile’ may prove the hardest, validating central bank policymakers’ caution on rate cuts. Two years ago the six-month annual pace of core inflation was 6%. Now it has fallen to 3%, without a recession. Does that mean we can count on inflation easing painlessly to 2% and the Fed can begin cutting rates in anticipation of an imminent

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Posted: June 16, 2024 Sunday 01:01 PM