Fed official sees rates rising and staying high

By Agence France-Presse

Apr 22, 2023 12:24 am

US interest rates are likely to rise further, and will need to remain high to effectively tackle inflation, a top Federal Reserve (Fed) official said on Thursday.

'Some additional tightening may be needed to ensure policy is restrictive enough' to support the Fed's dual mandate of keeping both unemployment and inflation low, Philadelphia Fed President Patrick Harker said in a speech in Pennsylvania, according to prepared remarks.

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