Quartz·1 min read·medium
A Fed dissenter is pushing for gradual rate hikes to start as soon as September
✦AI Summary
A Minneapolis Fed official is advocating for small, incremental interest rate hikes starting in September. The official argues that acting now is necessary to prevent inflation from becoming entrenched in the economy.
The Minneapolis Fed president dissented at last week's FOMC meeting and wants small, incremental increases rather than waiting and risking entrenched inflation
economybusinesspolitics
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in