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Waller’s hearing debut signals new policy direction; "New Federal Reserve news agency": stresses zero tolerance for high inflation but does not hint at rate path.

Waller’s hearing debut signals new policy direction; "New Federal Reserve news agency": stresses zero tolerance for high inflation but does not hint at rate path.

``` The Federal Reserve Chairman Walsh’s first appearance at the Congressional monetary policy hearing revealed his “Fed New Deal manifesto,” without giving the market the most anticipated signals of rate hikes or cuts, but repeatedly emphasizing restoring price stability, maintaining the Fed's independence, and promising full advance communication
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