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Fed’s Daly says officials may need to start crafting plan for rate increase -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo/File Photo

(Reuters] – Federal Reserve officers must always be prepared for different economic circumstances. Therefore, it may be time to create a plan to raise interest rates to reduce inflation above target.

Fed officials could need to dial down the excess accommodation they give to the economy, and then start formulating a plan for raising the interest rates, Daly suggested during an online event hosted by the Peterson Institute for International Economics.

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