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Fed officials in April cautioned about inflation pressures
Federal Reserve officials at their April meeting reaffirmed the view that the central bank’s ultra-low interest rate remained the best policy approach, but some officials cautioned that some factors pushing inflation higher may not be resolved quickly. In minutes of their discussions released Wednesday, a number of participants in the discussions expressed the view that supply chain bottlenecks and input shortages that were pushing prices higher may not be resolved quickly and could end up putting “upward pressure on prices beyond this year.” Some officials said that in some industries, the supply chain ... (full story)