Fed mulls faster interest rate increases to address inflation

Jerome Powell
(Image credit: Photo by GRAEME JENNINGS/POOL/AFP via Getty Images)

The Federal Reserve is considering an accelerated timetable for interest rate increases, according to the minutes of the Fed's Jan. 25-26 meeting, which became public Wednesday.

The Wall Street Journal reports the first interest rate increase will take effect in March, followed by additional increases "at consecutive policy meetings, which occur roughly every six weeks, something they haven't done since 2006."

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