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BARRON'S: Stock Market News: Dow and S&P 500 Hit Closing Highs

Waller said at a Wednesday event organized by the Economic Club of New York that economic output and the labor market were showing strength, while progress in reducing inflation has slowed. He said he sees no rush to begin easing monetary policy.

READ MORE: Stock Market News: Dow and S&P 500 Hit Closing Highs