Skip to Content

Federal Reserve officials sound warnings about higher rates

KIFI

By CHRISTOPHER RUGABER
AP Economics Writer

WASHINGTON (AP) — A run of strong economic data and signs that inflation remains stubbornly high could lead the Federal Reserve to raise its benchmark rate higher in the coming months than it has previously forecast, several Fed officials say. Christopher Waller, a member of the Fed’s Board of Governors, said that if the economy continued to show strength and inflation remained elevated, the Fed would have to lift its key rate above 5.4%. That would be higher than Fed officials had signaled in December. His suggestion was in contrast to a speech he gave in January, titled “A Case for Cautious Optimism,” that captured a prevailing sentiment at the time that inflation had peaked and was steadily declining.

Article Topic Follows: AP National Business

Jump to comments ↓

Author Profile Photo

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content