Federal Reserve official says fighting inflation likely to be ‘painful’

As reported by WTOP · Updated 21 Sept, 16:03

WASHINGTON (AP) — A top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation. Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a speech in London that the Fed is facing a series of...

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• Federal Reserve official says fighting inflation likely to be ‘painful’WTOP · 21 Sept, 16:03