Central Banks
Fed Officials Say Rates May Need to Go Higher to Tame Inflation
- Governor Waller cites slow progress on core inflation
- Richmond Fed chief Barkin says he’s comfortable doing more
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Two Federal Reserve officials said the central bank may have to raise interest rates further to tame price pressures that in some sectors aren’t showing much sign of easing.
Fed Governor Christopher Waller said Friday headline inflation has been “cut in half” since peaking last year, but prices excluding food and energy have barely budged over the last eight or nine months.