Economics
Fed Officials Take Aim at Inflation, Say Ready to Act With Vigor
- Policy makers repeat that a half-point hike on table in May
- ‘Some’ 50 basis-point rate increases needed, Fed’s Mester says
San Francisco Fed President Mary Daly
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
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Federal Reserve officials said Americans should take them at their word that they will curb inflation and repeated that a 50 basis-point increase in interest rates is on the table for their next meeting in May.