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Federal Reserve Vice Chair Philip Jefferson said inflation has become the most important measure for policymakers as they consider additional interest-rate hikes.

Williams issues another hawkish warning: inflation is 'far too high,' and the Fed has a lot of work to do

A flurry of Fed officials speaking this week cemented expectations for an increase in interest rates next month while raising the possibility of another hike in January, which would be the first back-to-back increases since 2023.

Federal Reserve report: 87% of respondents view AI as a major risk to the financial system