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The fed took a somewhat more hawkish view of inflation than it did in the March statement. Today's statement made specific reference to inflationary pressures, saying that energy and other commodity prices have increased, an acknowledgment absent from the March statement.

a) What does a "more hawkish view" of inflation mean?

b) What implication does this have for the monetary policy we can expect to see from the fed?

Macroeconomics, Economics

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