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المشهد العربي
Official urges urgent rate increase to fight inflation
The President of the Federal Reserve Bank of Cleveland, Beth Hamack, called for an immediate increase in interest rates to combat high inflation, emphasizing that continued rapid economic growth adds pressure on prices and worsens inflation. She explained that this step is necessary to bring inflation back to the targeted 2% level, acknowledging that it may cause economic harm, and stressed the importance of monitoring economic data and maintaining labor market stability.
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