Federal Reserve official says inflation persistence led her to support interest rate hikeBy CHRISTOPHER RUGABER Mon, September 21, 2026 at 9:57 PM UTC WASHINGTON (AP) — A top Federal Reserve official said Monday that stubbornly high inflation and the renewal of combat in the Middle East in August were key reasons she supported raising borrowing costs last week, when she also penciled in a second rate hike for later this year.
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