Fed: Sharply higher rates may be needed to quell inflation (15)

WTOP 2022.07.06 22:16
The Associated Press July 6, 2022, 2:58 PM WASHINGTON (AP) - Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their rate hikes could weaken the economy.
INFLATION, RATE, FED, HIKE, POLICYMAKER, JEROME, Biden, Shepherdson, USA, Washington