Central bankers are increasingly worried that inflation — worsened by soaring oil prices and an AI investment boom — is not on a path back to their 2% target.
The Federal Reserve unanimously voted Wednesday to raise interest rates for the first time in three years and signaled it might do so again this year, a move that will test the delicate relationship between President Donald Trump and his new Fed chair, Kevin Warsh.
Central bankers are increasingly worried that inflation — worsened by soaring oil prices and an artificial intelligence investment boom — is not on a path back to their 2% target.
