Game time: The Fed unveils a tougher plan to fight stubbornly high inflation
The Federal Reserve is preparing to raise interest rates sooner and — perhaps — more aggressively after inflation reached the highest in nearly 40 years.
Faced with mounting pressure from rapidly rising consumer prices, the Federal Reserve is preparing to raise interest rates sooner — and perhaps more aggressively — than had been expected just a few months ago.
The central bank is trying to prevent stubbornly high inflation from becoming a permanent feature of the economy. Prices in December were up 7% from a year ago — the sharpest jump in nearly four decades.
At the conclusion of a
