Fed officials are split about what to do next to fight inflation

The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months. The in-fighting is leaving the outlook for the Fed’s policies cloudier than at any time since it unleashed a streak of 10 straight rate hikes in March 2022. Many Fed watchers have expected the officials to forgo another increase in their benchmark rate when they next meet in mid-June. Yet recent warnings from several of them about the continuing inflation threat suggest that that outcome is far from certain.