Fed Officials Are on the Defensive as High Inflation Lingers - The New York Times

Critics have accused the Federal Reserve of not reacting quickly enough to tame rising prices. On Friday, a Fed governor explained why it took so long.

The Fed was not alone in underestimating the strength of inflation that revealed itself in late 2021, said Mr. Waller, who expected inflation to be slightly higher than many of his colleagues. He not… [+1357 chars]

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