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Fed dissenters warn pausing rate hikes could entrench inflation

The three dissenters argued inflation risks becoming harder to curb if the Fed waits to raise rates again.

Reported · Written up by our desk · Central Banks

MarketWatch reports that three Federal Reserve dissenters who supported an interest rate increase this week said the central bank should act decisively to prevent inflation from becoming entrenched in the economy.

They argued that waiting to raise rates further could allow elevated price pressures to persist, making inflation harder to tame over time, according to the outlet.

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