Economics
Fed Officials Renew Rate-Hike Theme While Staying Vague on Size
- Williams sees rates heading somewhat above 3.5% to cool demand
- Fed could dial back 75 bps moves if inflation cooling: Bostic
This article is for subscribers only.
Federal Reserve officials, picking up where they left off over the weekend in Jackson Hole, stressed their commitment to defeating inflation while remaining vague on how big their policy move will be next month.
Three regional Fed presidents reiterated in separate remarks on Tuesday that curbing the hottest prices in almost 40 years was their top priority, with New York Fed chief John Williams agreeing interest rates probably need to advance above 3.5% at some point to achieve their goal.