world-economy

Fed Official Calls for Rate Increases to Combat Persistent Inflation

A Federal Reserve policymaker argued the central bank should begin raising interest rates incrementally to address elevated inflation. Minneapolis Federal Reserve Bank President Neel Kashkari made the case for tighter monetary policy to curb inflation above target levels. The call reflects debate within the Fed about the timing and pace of rate adjustments. Central banks globally face similar pressures to balance inflation control with economic growth concerns.