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Fed official says inflation pressures households, urges rate increases

She said the Fed should act now to address inflation that is straining household budgets.

Reported · Written up by our desk · Central Banks

CNBC World reports that a Fed official, Hammack, argued the central bank should move promptly to raise interest rates.

The CNBC Economy and CNBC World summaries say Hammack believes inflation remains problematic, with the pressure showing up in household budgets.

Her comments frame higher rates as a direct response to inflation, rather than a wait-and-see approach.

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