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PBS News Hour
Inflation surged in December at the fastest pace in 40 years
The last time inflation rose 7 percent annually was back in 1982. The latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices. Mary Daly, president of the Federal Reserve Bank of San Francisco who also sits on the committee that decides interest rates, joins Judy Woodruff to discuss.
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