📈 Business
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NYT World
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Resurgent Inflation Puts Fed's Credibility to the Test
The ongoing Middle East conflict risks reigniting an inflation problem that the U.S. Federal Reserve has struggled to bring under control for years. The Fed has repeatedly found it difficult to achieve a sustained reduction in price pressures. The resurgence of inflation is once again testing public and market faith in the central bank's ability to act.
The war in the Middle East risks worsening an inflation problem that the Federal Reserve has struggled for years to subdue.