https://www.live-feeds.com/feed/exclusive-fed-s-musalem-says-more-rate-hikes-likely-needed-to-quell-inflationContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/exclusive-fed-s-musalem-says-more-rate-hikes-likely-needed-to-quell-inflationhttps://www.live-feeds.com/feed/exclusive-fed-s-musalem-says-more-rate-hikes-likely-needed-to-quell-inflation#u81748Wed, 23 Sep 2026 20:20:28 +0000Federal Reserve officials are signaling a need for aggressive action to curb inflation. Musalem stated that more rate hikes are likely necessary to quell price increases. Chicago Fed President Austan Goolsbee warned that returning to a 2% inflation target may not be painless and suggested that strong demand is contributing to the problem. Goolsbee also indicated the Fed cannot continue to wait out oil shocks. These statements collectively suggest a willingness to accept economic hardship to ensure inflation returns to target levels.Why it mattersThe Federal Reserve manages U.S. monetary policy