'Many' Fed officials think higher rates will be needed if inflation stays high
· pbs.org
Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed.
The minutes of the July 28-29 meeting, released Wednesday, don't provide specifics on how many of the 19 officials supported higher rates. Only 12 of the 19 pol...