Federal Reserve's Paulson: May Need to Raise Rates Again to Lower Inflation

Odaily News: Federal Reserve's Paulson stated that the Fed may need to raise rates again to lower inflation. A September rate hike would help shift policy to a more effective anti-inflation stance. The balance of inflation risks shifted ahead of the September policy meeting. Underlying inflation remains "stubbornly high," and the economy is resilient, showing signs of strengthening growth momentum.