US interest rates may need to stay high for longer to beat inflation, Fed says
![US interest rates may need to stay high for longer to beat inflation, Fed says](https://i2-prod.mirror.co.uk/money/article32794640.ece/ALTERNATES/s615/2_federal-reserve-rate-cuts.jpg)
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation