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Parry on the U.S. and regional economies

In a speech on 'The U.S. and Regional Economies: A Monetary Policymaker's Perspective' given on 21 April, Robert Parry of the San Francisco Fed said interest rates will eventually need to rise "significantly" to head off inflation but the US economy can withstand this.

"With the federal funds rate at only one percent, short-term rates will need to move up significantly at some point to prevent a rise in inflation," Parry told students at Gettysburg College.

"And a major issue for monetary

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