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Fed projects a slow return to inflation target, but no rise in unemployment Warsh says labor market damage is not needed to restore price stability Policymakers see expectations leading to tempered price hikes Others argue demand, somewhere in the economy, will have to take a hit By Howard Schneider and Ann Saphir WASH
By Howard Schneider and Ann SaphirUS Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a reason to raise prices less.Success may hinge on what's driving…