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The Chairman of the Federal Reserve Bank of Kansas City, Jeff Schmid, clarified that the inflation issue in the United States extends beyond rising oil prices, as the prices of a wide range of goods and services remain high. They have exceeded the targeted 2% rate for over five years, with recent data indicating they continue to stay above 3%. He emphasized that inflation is not limited to the energy sector and remains the main source of concern, as prices continue to rise despite the first interest rate hike in three years. This situation suggests that a more stringent monetary policy may be maintained if inflationary pressures persist.
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