Fed Officials Plan for Higher Rates as Inflation Threat Persists

Fed Officials Plan for Higher Rates as Inflation Threat Persists
President and CEO of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin on Feb. 13, 2019. Clodagh Kilcoyne/Reuters
Andrew Moran
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The message was loud and clear from multiple Federal Reserve officials: Interest rates will stay higher this year, the benchmark rate might increase, and it’s unlikely there will be any rate cuts this year.

Inflation is still plaguing monetary policymakers, and restoring price stability, even in the face of a recession, is the chief priority for the U.S. central bank.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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