JACKSON, Wyo: U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase they will approve at their Sept. 20-21 meeting, but continued hammering the point that rates will rise and stay high until inflation has been squeezed from the economy.
Fed policy could lead to higher joblessness and is starting to crimp household and business spending, Kansas City Federal Reserve president Esther George said on CNBC, but the central bank will not flinch from tighter policy.
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