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President of the San Francisco Federal Reserve Bank Mary Daly on Sunday insisted inflation isn’t “embedded in the economy” — and vowed the Fed would continue efforts to reign it in.
In an interview on CBS News’ “Face The Nation,” Daly said the current high prices have their roots in a supply and demand disparity — and the Fed is “far from done” in addressing the problem.
“I don't see inflation is embedded in the economy, the kinds of things that we would worry about just not being able to correct easily,” she said.
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