BUSINESSNY POST
Fed governor warns of possible interest-rate hikes if inflation comes in hot this week
A Federal Reserve governor warned of potential interest-rate hikes if inflation rises sharply this week, as the war in Iran has driven inflation to a three-year high while the labor market remains strong. The Fed is shifting its focus from easing to tightening monetary policy.
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- A hot inflation reading this week could mean a rate hike soon, Fed’s Waller says
- A Fed governor warned a rate hike might be coming — but said the central bank shouldn't overreact
- Top Fed official warns ‘hot’ inflation could trigger rate rise
- Waller says Fed shouldn't 'fight the last war' on inflation but warns hikes still possible
- Fed minutes show increased chances of interest-rate hike
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