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Fighting inflation likely to be 'painful,' Chicago Fed president says

A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.

Coverage (1)+20 copies· Sep 21, 1:36 PM to Sep 22, 5:23 PM

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21 articles
  1. firstPBS News
  2. +1hWDIV ClickOnDetroit
  3. +1hWTOP
  4. +2hBaltimore Sun
  5. +2hBoulder Daily Camera
  6. +2hSanta Ana Orange County Register
  7. +2hSan Diego Union-Tribune
  8. +2hSt. Paul Pioneer Press
  9. +2hSanta Rosa Press Democrat
  10. +2hNorfolk Virginian-Pilot
  11. +2hReading Eagle
  12. +2hHartford Courant
  13. +2hThe Mercury News
  14. +2hThe Atlanta Journal-Constitution
  15. +2hWEAU
  16. +2hLive 5 News WCSC
  17. +2hWIS10
  18. +2hChicago Tribune
  19. +9hEUROPE SAYS
  20. +24hLos Angeles Times
  21. +28hEUROPE SAYS

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Federal Reserve is expected to raise its benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands. An increase in the Fed’s rate, currently about 3.6%, isn’t guaranteed but most analysts and economists expect a…
The Atlanta Journal-Constitution21d agoWhole story →