Fed Official Eyeing Higher US Rates as 'Inflation Remains Too High' Ahead of November Meet

Fed Official Eyeing Higher US Rates as 'Inflation Remains Too High' Ahead of November Meet

WASHINGTON (Sputnik) – The United States will likely need higher interest rates to keep inflation under control and nearer to the central bank’s target of 2% per annum, policymakers at the Federal Reserve said ahead of a decision on rates by the central bank next month.

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