Quartz·1 min read·easy
A top Fed official is warning it will take more than one rate hike to bring down inflation
✦AI Summary
A Cleveland Fed official has expressed dissent regarding recent policy, suggesting that current interest rates are not sufficiently restrictive to curb inflation. The official warns that multiple rate hikes may be necessary to achieve stability.
The Cleveland Fed president dissented at last month's policy meeting and says current rates are not meaningfully restricting the economy
economypolitics
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