Inflation Worries Prompted Fed

Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady

Some Federal Reserve officials said they do not agree with keeping interest rates the same. They worry that inflation is still too high and think rates should go up. Fed Chair Kevin Warsh said the Fed will do what is needed to bring inflation down to 2%, but investors are not sure he will act. Wall Street reacted strongly, with bond traders selling off and questioning his credibility.