Fed needs to move aggressively to control inflation: official
ANKARA - The United States Federal Reserve needs to move "aggressively" to keep record-high inflation under control, an official said Tuesday. "We need to get to neutral at least so that we are not putting upward pressure on inflation during this period when we have a much higher inflation than we used to in the US economy," St. Louis Fed President James Bullard told Bloomberg TV channel. Bullard, who is a member of the Federal Open Market Committee (FOMC) with voting rights this year, was the only FOMC official last week who advocated a rate hike of 50 basis points. The FO...
Source: philippinetimes.com