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Central Banks

Fed Officials Offer Mixed Signals on Size of September Rate Hike

  • George says hike pace under debate, Bullard backs big move
  • Fed has ‘done a lot’ on policy tightening, George says
James Bullard, left and Esther George.

James Bullard, left and Esther George.

Photographer: Joshua Roberts and Christopher Dilts/Bloomberg
Updated on

US central bankers offered divergent signals over the size of the next interest-rate hike, with St. Louis’s James Bullard urging another 75 basis-point move while Kansas City’s Esther George struck a more cautious tone.

Bullard, who is one of the most hawkish policy makers at the US central bank, told the Wall Street Journal in an interview published Thursday that he favored going big again, arguing “we should continue to move expeditiously to a level of the policy rate that will put significant downward pressure on inflation.”