Fed Minutes Show Urgency for Raising Rates to Tame High Inflation

Wall Street Journa, May 25, 2022–Nick Timiraos (subscription)
Federal Reserve officials thought they would need to raise interest rates by a half percentage point at each of their next two meetings when they approved an increase at their meeting earlier this month.
https://www.wsj.com/articles/fed-minutes-show-growing-urgency-for-tighter-monetary-policy-11653501768?mod=hp_lead_pos1