Skip to content
Markets
Economics

Fed Pivots Toward Jumbo Hikes After Being Slammed as Too Slow

  • Price relief looks more distant with war affecting food, fuel
  • Fed wants its policy shift part of conversation as prices soar
Bloomberg business news
Federal Reserve Leaders on Policy, Rate Hikes, Soft Landing

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Federal Reserve officials, rattled by persistent inflation and criticism that they’re behind the curve, have pivoted toward an even more aggressive plan of interest-rate hikes than they signaled earlier this month to ensure price increases cool.