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HomeLocalA Top Federal Reserve Official Opens Door to Keeping Rates High for...

A Top Federal Reserve Official Opens Door to Keeping Rates High for Longer


?url=https%3A%2F%2Fwww.usnews.com%2Fcmsmedia%2Fa2%2F71bacadfc34ea35e98a8517d2e6a39%2F6ffa94bd71794bfebb7b8a2762ee611eFederal Reserve Jefferson 13755

WASHINGTON (AP) — Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation. In a speech, Jefferson said he expects inflation to continue to slow this year. But he omitted a …



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