Photo: Pedestrians walk near the Marriner S. Eccles Federal Reserve building in Washington, D.C., on December 28, 2023. Photographer: Valerie Plesch/Bloomberg Pedestrians walk near the Marriner S. Eccles Federal Reserve building in Washington, D.C., on December 28, 2023. Photographer: Valerie Plesch/Bloomberg

While some economists worry that the U.S. inflation fight may become more difficult as the Federal Reserve gets closer to its 2 percent target, a new central bank research paper argues that's not the case.

"It is difficult to conclude that the last mile of disinflation is more arduous than the rest," Federal Reserve Bank of Atlanta economist David Rapach wrote in a paper released Tuesday. "In terms of policy, this implies that the Fed need not view the final phase of the disinflation process as fundamentally different from the other phases."

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