Fed Official Warns of Aggressive Inflation Response Needed

A high-ranking official at the Federal Reserve has expressed concerns that the central bank's inflation response may need to be more 'aggressive', implying a potential shift in monetary policy.

The official, who wishes to remain anonymous, made this statement in an interview with the Financial Times. They emphasized that the current pace of interest rate hikes may not be sufficient to combat rising inflation, which is currently at 6.5%.

According to the official, the Federal Reserve's goal is to bring inflation back down to its target range of 2%. However, they acknowledged that this may require a more 'aggressive' approach, which could involve further rate hikes or other monetary policy tools.