Fed officials expect more rate hikes to curb inflation

Federal Reserve officials said Thursday that the central bank will likely need to raise interest rates again to curb unacceptably high inflation.

Philadelphia Fed President Anna Paulson told a conference at her regional bank that returning inflation to 2% is a top priority and that she will support the policy path that gets us there while carefully weighing risks to the labor market.

New York Fed President John Williams also suggested tighter monetary policy ahead, citing Fed projections that penciled in a rate increase and saying it is likely that another rate hike may be appropriate by the end of the year.

Read the full story at insurancenewsnet.com.