WASHINGTON: It would be a "mistake" for the US Federal Reserve to start cutting interest rates too soon despite recent progress against inflation, a senior Fed official said Tuesday.

The Fed has rapidly raised interest rates to a 23-year high as it looks to reduce inflation towards its long-term target of 2 percent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details