U.S. Fed Officials See Rates Likely Rising to Curb High Inflation

U.S. Fed officials see rates likely rising to curb high inflation

Strong U.S. economy have given the central bank the space to focus on the inflation problem, Fed policy-makers say

Fed Official Says Future Rate Hikes ‘Likely’ to Tame Inflation - The MortgagePoint

Fed Governor Michael Barr said the central bank will “likely” raise interest rates again to counter persistent inflation, after it did so last week for the first time in more than three years.

Fed's Barr says further rate hikes will likely be needed

Sept 23 (Reuters) - Federal Reserve Governor Michael Barr said on Wednesday the US central bank took an important step last week to "recalibrate" short-term borrowing costs to bring down ​inflation, and will likely need to deliver further interest rate hikes."Risks ‌to achieving our inflation target have increased, while risks to the labor market have receded," Barr said in prepared remarks for delivery at a Chicago Fed housing affordability con…