Rate Holders' Warnings Fall on Deaf Ears The Federal Reserve has held interest rates steady despite growing concerns about inflation's persistent grip on the US economy.
Two dissenting officials, Cleveland Fed President Beth Hammack and Minneapolis Fed President Neel Kashkari, have issued stark warnings that policymakers and market observers should heed.
Inflation is a pressing issue for the Fed, which grapples with its dual mandate of price stability and maximum employment.