Fed Minutes Show Concerns of More Persistent High Inflation

Wall Street Joural, Oct. 12, 2022–Nick Timiraos (subscription)
Federal Reserve officials expressed concern at their meeting last month over the persistence of high inflation and expected that bringing prices and wages down would likely require the labor market to weaken.
https://www.wsj.com/articles/fed-minutes-show-concerns-of-more-persistent-high-inflation-11665597721?mod=hp_lead_pos3