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Economist: Inflation is no longer the main risk, Fed should focus on economic growth

Internet reports that Renaissance Macro chief economist Neil Dutta wrote that although inflation is still higher than the Fed's 2% target, the trend of price cooling is already very obvious, so the Fed should completely shift its focus to supporting a weakening economy. He said energy prices were falling, which would drive down gasoline costs and help curb inflationary expectations. In addition, labor market idleness has increased and rental housing inflation has also slowed. "In short, inflation is no longer a problem. Policymakers should make it clear that maintaining economic growth should be the top priority at present."

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