Inflation could soon fall faster than expected

Could inflation ease more swiftly than the Federal Reserve expects? Consumer price increases have pulled back sharply in recent months but Fed Chair Jerome Powell says further declines to the Fed's 2% annual target may prove a tougher slog. As a result, he says, the Fed may need to raise its key interest rate even higher than the 5% to 5.25% peak officials have forecast, an aggressive strategy that many economists say will trigger a recession.