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Fed’s Evans says ‘job one’ is to get inflation down

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Chicago Federal Reserve Bank President Charles Evans on Thursday joined his fellow U.S. monetary policymakers in saying that getting too-high inflation down is “job one,” but said he does not expect raising interest rates will result in a recession.

“I think we’ll muddle through” with U.S. economic growth this year likely to be about a half a percent and the unemployment rate to rise but not by a lot, Evans said at an economic forum held at the College of Dupage.

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(Reporting by Ann Saphir)



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