Commentary Over here in the United States, officials at the Federal Reserve have expressed their angst over consumer prices both publicly as well as in private. To the latter, according to the text of the minutes to the FOMC’s policy meeting held last month on March 15 and 16, released Wednesday, though the committee voted to raise its target rates by 25 basis points, it also said “many participants” would’ve preferred double that. With the U.S. CPI rising at a four-decade high of nearly 8 percent year-over-year in February, the situation in Washington has gone way beyond simple urgency. Those same FOMC minutes also strongly suggest how officials want to speed up the pace of future rate increases, too, the document using the term “expeditiously” when it comes to forecasting more rate hikes ahead. Such haste and concern on this side of the Atlantic contrasts sharply with what appears to …