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  • Fed's Evans Says Fighting Inflation Is the Top Priority Even If That Means Job Losses

    10/10/2022 8:26:50 PM PDT · by RomanSoldier19 · 25 replies
    https://www.nbcnewyork.com/ ^ | October 10, 2022 | By Jeff Cox,CNBC
    Chicago Federal Reserve President Charles Evans said the central bank is holding fast in its commitment to bring down inflation even if it means people losing their jobs. Speaking three weeks before the Fed is expected to approve its fourth consecutive 0.75 percentage point interest rate increase, the central bank official told CNBC he hopes to minimize economic damage. "Ultimately, inflation is the most important thing to get under control. That's job-one," Evans said during a live "Squawk on the Street" interview. "Price stability sets the stage for stronger growth in the future." Markets will get a fresh look at...