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US Midterm Gridlock Raises Inflation Risks, PGIM's Neiss Says
Katharine Neiss, deputy head of global economics and chief European economist at PGMI, discusses the implications of the midterm elections for US policy and economy. If Democrats take over both houses "we're going to see more political gridlock in Washington," Neiss tells Bloomberg Television. She also comments on the potential implications for the Federal Reserve, saying that the central bank's decision to hold interest rates was "a mistake." (Source: Bloomberg)
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