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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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cnbc.com
Fed officials see rate hike ahead if inflation stays elevated, minutes show
A majority of officials anticipated that interest rate increases would be necessary if the Iran war continued to aggravate inflation.
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nytimes.com
Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
