Some Fed officials have emphasized overnight the need for a extended period of restrictive monetary policy as they seek clearer signs of sustainable inflation reduction.
Some Fed officials point to worsening inflation Some Federal Reserve policymakers argued at their most recent meeting in March that inflation was likely worsening, even before the government reported Wednesday that price increases re-accelerated last month. According to the minutes of the Fed’s meeting, all 19 officials generally agreed that high inflation readings in January […]
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