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Inflation Poses Risks of Faster, Less Predictable Fed Rate Increases
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The Federal Reserve is entering an unfamiliar environment at the start of 2022. For the first time in decades, officials are preparing to raise interest rates when inflation is uncomfortably high rather than very low.
The last time the Fed lifted rates from near zero, at the end of 2015, inflation was running below its 2% target and the unemployment rate—a measure of labor slack—was declining gently.
Read more on wsj.comAbout this in other media
Fed's Mester says 'each meeting is going to be in play' for rate hikes this year cnbc.com /2 years ago
Developing Countries Brace for Impact From Fed Rate Increases wsj.com /2 years ago
Strong Job Gains Keeps Fed on Track for Rate Increase in March wsj.com /2 years ago
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