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St. Louis Fed President Alberto Musalem said the Fed will need to hike interest rates again to return inflation to its 2% target, declining to specify what policymakers should do at their late-month meeting.
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