Two Fed policymakers sound inflation alarm, call for rate cuts

WASHINGTON/SAN FRANCISCO (Reuters) - Two U.S. central bankers on Friday sounded the alarm on sluggish U.S. inflation and called for immediate action in response, in what amounted to a broadside against the slim majority of Federal Reserve policymakers who are disinclined to support interest rate cuts this year.Minneapolis Fed President Neel Kashkari said in an essay he had argued for a 50 basis point interest-rate cut at this week's policy-setting meeting. Such aggressive action is needed to..