Federal Reserve officials have effectively pushed back against a narrative in financial markets over the past week that policymakers are envisioning a pivot away from tightening amid evidence of a turn in the economy.
Four Fed district-bank presidents highlighted in remarks on Tuesday that there was no sign yet of inflation easing. San Francisco Fed President Mary Daly said “we are still resolute and completely united” in the objective of getting inflation down to around the 2% target.
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