Fed Officials See More Hikes Needed Though News on Prices Better
- Atlanta Fed president encouraged by goods inflation slowing
- Fed’s Barr warns US economy faces ‘significant’ slowdown
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Federal Reserve officials stressed the need to keep raising interest rates while acknowledging recent encouraging news on US consumer prices.
The remarks on Tuesday, from two regional Fed presidents and two governors, maintained a carefully hawkish tone from policymakers that inflation remains too high, even as they signal a readiness to moderate the size of their rates hikes.