TechFlow, on September 29, Cleveland Fed President Mamarik said Monday that inflation may not return to the 2% target until 2028, which is her main reason for opposing rate cuts. She particularly emphasized persistent inflationary pressures in the services sector and disagreed with the view that tariff impacts are a "one-time shock." Regarding the upcoming risk of a government shutdown, she warned that the longer the shutdown lasts, the greater the drag on GDP. Mamarik will gain voting rights on policy decisions next year and is considered one of the Federal Reserve's most hawkish policymakers. (Jinshi)
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