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Federal Reserve officials warn that inflation remains severe and support tightening monetary policy
ChainCatcher message, according to Jint 10, U.S. Federal Reserve officials Hamarck and Goolsby warned that the inflation outlook is grim and could even get worse. They believe inflation is a more serious issue than the job market, implying support for tightening monetary policy. In an interview, Goolsby rated the inflation outlook as “orange,” while Hamarck noted that inflation has been above the target level for five consecutive years, and that the current situation “is absolutely a more vivid, brighter orange.”