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A key Fed official just admitted the central bank got inflation wrong and so it may delay a hike

September 6, 2017

Via: CNBC

Fed unlikely to hike rates this year: Clearnomic’s James Liu Fed unlikely to hike rates this year: Clearnomics’ James Liu ¬†Fed unlikely to hike rates this year: Clearnomic’s James Liu Fed unlikely to hike rates this year: Clearnomics’ James Liu ¬†9:11 AM ET Fri, 1 Sept 2017 | 01:32The Federal Reserve appears ready to accept that its inflation assessments have been wrong, indicating an important shift in how it will approach rate hikes ahead.

In a speech Tuesday, Fed Governor Lael Brainard said the long-standing assessment at the central bank that persistently low inflation is the result of transitory factors that eventually will pass does not add up considering current circumstances.

As a result, she said, policymakers should reconsider the current path they expect for future rate hikes.

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