At some point, the Federal Reserve will face the risk of raising rates too much, a top official said Wednesday, while asserting the central bank will remain resolute in its drive to bring inflation down.
Driving the news: Lael Brainard, the No. 2 official at the central bank, acknowledged risks that the Fed could overdo it on interest rate increases, a sentiment notably missing from Chair Jerome Powell's hawkish speech in Jackson Hole, Wyoming, in late August.
