Fed Officials Call for More Rate Hikes
Several Federal Reserve officials argued for additional interest rate increases to combat persistent inflation following the central bank's decision to hold borrowing costs steady. Policymakers emphasized that price pressures remain unacceptably high.
Three Federal Reserve officials signaled the need for at least two 25-basis-point rate increases on Friday, pushing back against high inflation. The commentary followed a monetary policy meeting where short-term borrowing costs were left steady in the United States.
