Central Banks
Fed Officials Keep Hammering Hawkish Message on Rates Heading Up
- Waller says financial stability worry no reason to slow hikes
- Chicago chief Evans sees rates in 4.5%-4.75% range next year
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Federal Reserve officials kept up the drumbeat of support for extending their run of interest-rate hikes, stressing the need to quash inflation that’s proved unexpectedly stubborn.
Five officials, in separate remarks during the course of Thursday, delivered a resolutely hawkish message that inflation is too high and they won’t be deterred from raising rates by volatility in financial markets.