![Two people load their cars with groceries in the parking lot of a Chinese supermarket in the Elmhurst neighborhood of the Queens borough of New York City on January 13.](https://abc17news.b-cdn.net/abc17news.com/2022/02/hypatia-h_7b566eb9172d72bb95c7fd7115fe4c60-h_645cc65e82b3bbe1240d3eece6b7eec5-300-375x225.jpg)
To fight inflation, the Fed may resort to a tool it hasn’t used since 2000
By Matt Egan Red-hot inflation is raising pressure on the Federal Reserve to take drastic action to get control of prices. James Bullard, the president of the St. Louis Federal Reserve Bank, told Bloomberg News Thursday he has become “dramatically” more hawkish and now supports raising interest rates by a full percentage point by July
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