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Two Fed dissenters say higher interest rates needed to combat inflation
Two Federal Reserve officials dissented, favoring an immediate interest rate hike this week. Cleveland Fed President Beth Hammack stated inflation remains stubbornly above the target. Minneapolis Fed President Neel Kashkari also expressed concern about entrenched inflation risks. Dallas Fed President Lorie Logan was the third policymaker supporting a rate increase. Financial markets anticipate future rate hikes by the central bank.
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independent.co.uk
Fed expected to keep rates unchanged for now despite high prices
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washingtonexaminer.com
Fed holds rates steady, with three officials dissenting
Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.
