Federal Reserve official warns inflation fight may cause economic pain
Summarised from 2 outlets · Updated 21 Sept, 22:12 · Archive
A Federal Reserve official said the central bank may have to cause higher unemployment to combat inflation.
A top Federal Reserve official warned Monday that fighting stubbornly high inflation could require economic pain. The central bank may need to accept higher unemployment as a consequence of its anti-inflation efforts.
How it is being reported
- Federal Reserve official says fighting inflation likely to be ‘painful’WASHINGTON — 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.TribLIVE · 21 Sept, 17:41
- Federal Reserve official says fighting inflation likely to be 'painful'Pittsburgh Post-Gazette · 21 Sept, 16:41
In this story: Federal Reserve · Washington
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