Top Federal Reserve official says market angst over inflation would be ‘red flag’

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Signs that investors in the US bond market are baking in higher inflation would be a “major red flag” that could upend policymakers’ plans to cut interest rates, a top Federal Reserve official warned.

The remarks from Austan Goolsbee, president of the Chicago Fed and a voting member of the Federal Open Market Committee, come just over a week after a closely watched