By Ann Saphir and Howard Schneider JACKSON HOLE, WYOMING (Reuters) - Beating inflation will probably require one more U.S. interest-rate hike and then ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Ann Saphir and Howard Schneider
"We just don't want it to keep drifting farther out," she said. Not only do fast-rising prices impose a high cost on Americans, she said; allowing inflation to fester also leaves the economy more vulnerable to future shock. They also thought that by next year the Fed will likely begin cutting rates so that as inflation falls, they do not end up restricting the economy more than is needed.
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