NEW YORK, NOV 24 – The Fed could accelerate the process of reducing asset purchases or raise rates earlier than expected if high inflation persists. This is what emerges from the minutes of the Fed meeting of 2-3 November. High inflation will take longer than expected to fall and upside risks are weighing on prices. The high prices reflect transitory effects, the minutes show that some members of the central bank were pushing for a faster tapering. (HANDLE).