WASHINGTON, October 21 (Sputnik) – The US central bank needs to slow the economy to curb inflation hovering near 40-year highs, Federal Reserve Bank of Philadelphia President Patrick Harker said on Thursday, heightening the anti-inflation rhetoric by suggesting it was actually open to a recession.
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Home World News Middle East Fed’s Harker Raises Anti-Inflation Rhetoric by Admitting US Economy Needs to Slow