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Wells Fargo CEO says Fed may need to move quicker to address inflation concerns – Metro US

Wells Fargo CEO says Fed may need to move quicker to address inflation concerns

FILE PHOTO: Wells Fargo CEO Charlie Scharf testifies before a
FILE PHOTO: Wells Fargo CEO Charlie Scharf testifies before a House Financial Services Committee on Capitol Hill in Washington, U.S.

NEW YORK (Reuters) – The Federal Reserve may need to move more quickly to address inflation concerns, Wells Fargo Chief Executive Charlie Scharf said Tuesday.

“There’s a case to be made that they should be moving faster than they’ve been moving. Inflation is very, very real,” he said.

(Reporting by Matt Scuffham, Editing by Louise Heavens)