Inflation Fears Drove Larger Fed Rate-Increase in June

Wall Street Journal, July 6, 2022–Nick Timiraos (subscription)
Federal Reserve officials concluded at their meeting last month that they needed to pick up the pace of interest-rate increases because the inflation outlook had deteriorated and that, as a result, rates would need to rise to levels designed to deliberately slow economic growth.
https://www.wsj.com/articles/inflation-fears-drove-larger-fed-rate-increase-in-june-11657130611?mod=hp_lead_pos1