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Poised to raise interest rates Wednesday for a 10th time, Federal Reserve officials are facing two competing economic trends that could make their future rate…
U.S. interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve official said on April 20.
Reading the inflation report, economists emphasized the need to stay cautious and not treat all sources of price hikes as equal.
The Federal Reserve's greatest resource is its credibility. People have to believe the central bank will get inflation under control -- or else inflationary psychology becomes entrenched and causes years of pain. Likewise, people need to trust that Fed leaders will prioritize what's best for the nation over any personal gain -- otherwise the central bank won't survive.
The Federal Reserve’s greatest resource is its credibility. People have to believe the central bank will get inflation under control — or else inflationary psychology becomes entrenched and causes years