Fed's Harker: Reiterates Need for Rate Hike

BlockBeats News, August 13th, Federal Reserve's Harker: Reiterates the Necessity of Immediate Rate Hikes. In the face of recent shocks driving up inflation, rapid growth could exert additional pressure on prices. The Fed must be accountable to an inflationary data point, which is crucial.

Whether the Fed needs to raise rates to restore the 2% inflation target or if inflation has already taken a transitory path remains a lingering question.