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The Economic Times
The Economic Times
Business

US Fed official warns of 'broad-based' inflation as firms urge action

Inflation Beth Hammack United States US Federal Reserve Interest Rates

A top Federal Reserve official said Friday that stubbornly high inflation is her bigger concern right now, warning that firms are urging the US central bank to act against rising prices.

"Inflation is too high," Cleveland Fed President Beth Hammack wrote in a social media post, in a signal that she could back higher interest rates at future policy meetings.

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