Central Banks
Fed Officials Expect Debate on Rate Peak and When to Slow Hikes
- Bullard sees minor moves once rates reach appropriate level
- Daly sees Fed shifting to smaller increases as peak rates near
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US central bankers said the next phase in their campaign to curb inflation will be to debate how high to raise interest rates and when to slow the pace of increases.
St. Louis Fed President James Bullard and San Francisco Fed chief Mary Daly both stressed the need to keep tightening policy with inflation at a 40-year high, while suggesting more caution next year.