Fed’s Paulson Says Policy Could Tighten More if Inflation Worsens
Fed’s Paulson said the Fed will move more aggressively if the inflation landscape worsens.
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By Michael S. DerbyFederal Reserve Bank of Philadelphia President Anna Paulson said on Tuesday the central bank has more interest rate increases ahead as it moves to lower the elevated levels of inflation.A “further gradual tightening seems appropriate" for monetary policy, Paulson said in the text…