WASHINGTON, D.C.: Reducing high inflation is of "paramount importance" for the United States central bank and policymakers are prepared to act more aggressively if needed, Federal Reserve (Fed) Governor Lael Brainard said on Tuesday (Wednesday in Manila).
"Getting inflation down is our most important task, while sustaining a recovery that includes everyone," Brainard said in a prepared speech, noting that rising prices of food and fuel hurt lower-income families the most.
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