The Daily Star·4 min read·medium
US Fed dissenters call for rate hikes over sustained inflation
✦AI Summary
Three US Federal Reserve policymakers dissented from the decision to hold interest rates steady, arguing that immediate hikes are necessary to combat persistent inflation. The dissenters cite high energy prices and supply shocks as primary drivers of the current economic challenge.
AFP, Washington A cyclist passes the US Federal Reserve in Washington. Photo: Reuters/file All three US Federal Reserve policymakers who dissented from the central bank's decision to keep interest rates steady earlier this week said Friday that rate hikes were needed now in order to avoid entrenched inflation.
politicseconomy
✦
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