Pianalto: Fed will monitor oil, act appropriately

The US Federal Reserve will take the steps needed to prevent a spike in energy prices from becoming entrenched in inflation, Cleveland Fed president Sandra Pianalto said on Wednesday 17 November.

"When I say we'll act appropriately, we're going to watch to see whether these energy price increases get embedded in core inflation numbers," Cleveland Federal Reserve Bank President Sandra Pianalto told the Cleveland Engineering Society in response to a question at a breakfast speech event.

But she

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