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US Fed members expect inflation to be stable

But there is a split on fear of rising prices; more are vocal about fears that pandemic will push prices higher

Washington

MOST US central bankers viewed inflation as stable, but some are becoming more vocal about fears that the Covid-19 pandemic will push prices higher, minutes of last month's Federal Reserve meeting released on Wednesday showed.

Fed officials also expressed concern the pandemic was constraining the American labour force. The policy-setting Federal Open Market Committee (FOMC) took no major action at the March 16-17 meeting, keeping its benchmark lending rate at zero to help the economy recover...

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