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Fed officials Waller and Bullard back another big interest rate increase in July

Fed report finds higher fears of inflation and potential recession

The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.

Sarah Silbiger | Reuters

The Federal Reserve is well on its way to another sharp interest rate hike in July and perhaps September as well, even if it slows the economy, according to statements Thursday from two policymakers.

Fed Governor Christopher Waller left little doubt that he believes increases are necessary if the institution is to meet its duties, and the market’s…


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