Barkin

Fed Officials Weigh Faster Rate Hikes as Inflation Broadens Across the Economy

Federal Reserve policymakers are increasingly signaling that interest rates may need to rise more quickly if inflation continues to spread beyond a few pandemic-hit categories and into the broader economy. The shift underscores growing concern inside the central bank that price pressures are proving more persistent than initially expected, even as some officials still argue for a gradual and cautious approach.