Hoenig says Fed will do what it takes on inflation

Federal Reserve Bank of Kansas City President Thomas Hoenig said on Thursday 13 October that rising prices had placed the U.S. central bank on alert but it would take the necessary steps to keep inflation at bay.

"My goal is the maintenance of a stable price environment, with low and stable inflation, because I think that is essential to having sustainable growth. And I think that we need to do what is required in order to achieve that goal," he told Reuters in an interview.

"What is required t

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