Federal Reserve official warns inflation fight may cause economic pain

Summarised from 2 outlets · Updated 21 Sept, 22:12

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’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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