{
  "id": 9597261,
  "title": "Fed officials see rates likely rising to curb high inflation",
  "url": "https://urgent.news/2026/09/24/fed-officials-see-rates-likely-rising-to-curb-high-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T17:50:39.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/feds-paulson-says-more-rate-hikes-may-be-needed-to-quash-inflation-4915669"
  },
  "original_language": "en",
  "account": "Two Federal Reserve officials are forecasting that interest rates will likely be raised again to combat persistently high inflation. Philadelphia Fed President Anna Paulson stated on Thursday that keeping inflation under control is a top priority and that she supports the policy path to achieve a 2% inflation rate while considering potential impacts on the labor market. She described inflation as \"stubbornly elevated\" and suggested that further rate increases may be necessary if conditions evolve as expected. New York Fed President John Williams echoed this sentiment in London, indicating that another rate hike may be appropriate by the end of the year based on Fed projections. The Federal Reserve recently raised the benchmark interest rate by 0.25 percentage points to 3.75%-4.00% to tackle high inflation. Fed Chair Kevin Warsh emphasized that the main focus is on maintaining price stability, stating that inflation is \"too high and has been for too long.\" Despite differing projections, Fed officials believe they have room to prioritize tackling inflation given the strong economy and near-full employment. Cleveland Fed President Beth Hammack highlighted that the inflation outlook remains uncertain, with risks leaning towards the upside, and warned that prolonged high inflation could make it increasingly difficult to bring it back down. Currently, inflation stands at 3.7% year-over-year, driven by post-Trump trade tariffs and rising fuel costs due to the conflict between the US and Iran.",
  "summary": null,
  "key_points": [
    "Fed officials anticipate further rate hikes to combat high inflation.",
    "Philadelphia Fed's Anna Paulson prioritizes 2% inflation target.",
    "New York Fed's John Williams suggests potential rate increase by year-end."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}