Boston Fed President: Inflation Remains Too High
The president of the Federal Reserve Bank of Boston believes that inflation still remains too high and that policymakers are keeping an eye on price stability as it plays out over time.
Most Fed Officials Backed Slower Rate Hikes at Last Meeting
Most Federal Reserve officials at their last meeting favored reducing the size of their interest rate hikes “soon” – just before raising their benchmark rate by a substantial three-quarters of a point for a fourth straight time.
Hot Inflation Dims Likelihood Fed Can Achieve ‘Soft Landing’
For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.
