Fed Officials Are Worried About the Risks of Doing Too Little on Inflation

Officials from the Federal Reserve agreed to raise interest rates to a low level in the near future and maintain them there in order to stop inflation

while several stressed it would be crucial to time increases to reduce risks.

According to minutes from their meeting from September 20-21 that were released on Wednesday in Washington, several participants noted that

it would be important to calibrate the pace of further policy tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook.

In order to counteract persistent inflation pressures, US central bankers decided to increase the benchmark lending rate by 75 basis points for the third time in a row.

This will bring the rate to a target range of 3% to 3.25%.


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Fed minutes: Cost of doing too little outweighs cost of doing too much