US Should Be Ready for ‘Higher for Longer’ Inflation, Interest Rates: Fed Officials

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US Should Be Ready for ‘Higher for Longer’ Inflation, Interest Rates: Fed Officials
Federal Reserve Board building on Constitution Avenue is pictured on March 19, 2019. Leah Millis/Reuters
Andrew Moran
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The next Federal Open Market Committee (FOMC) policy meeting is more than a month away, but U.S. central bank officials are providing insights into the Federal Reserve’s plans, inflation, and the broader economy.  
The message from multiple officials on Aug. 3 was that while a recession is a risk, slashing inflation to its pre-pandemic level is the chief priority for the Fed.
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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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