In the U.S. โthe clock is tickingโ on inflation, forcing the Fed to act quickly, Powell said. The Federal Open Market Committee (FOMC), the Fed’s rate-setting body, next meets Sept. 20-21 and โ following a string of hawkish remarks over the past couple of weeks โ is widely expected to lift its benchmark Fed funds rate by another 75 basis points.
Federal Reserve to Act ‘Forthrightly, Strongly’ Until Inflation ‘Job Is Done,’ Powell Says
