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fed: Fed's 'golden path' to lower inflation may have some potholes

Federal Reserve officials at the National Association for Business Economics (NABE) annual meeting discussed their belief in finding a monetary policy setting that lowers inflation to their 2% target without causing a recession. However, they also acknowledged the risks on the horizon, such as potential war in the Middle East and market-driven tightening of financial conditions. Recent events, including a stronger-than-expected jobs report and rising Treasury yields, have challenged the Fed s hopes for a "soft landing" and may require more action to achieve their inflation goal. ....

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