Central Banks
Fed Officials See Grounds for Soon Slowing Rate-Hike Pace
- Dallas Fed’s Logan says CPI welcome news, still long way to go
- Fed’s Daly says appropriate to step down pace of rate hikes
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The Federal Reserve looked closer to moderating aggressive interest-rate increases after welcome news on inflation, with four officials backing a downshift even as they stressed that monetary policy needs to stay tight.
“While I believe it may soon be appropriate to slow the pace of rate increases so we can better assess how financial and economic conditions are evolving, I also believe a slower pace should not be taken to represent easier policy,” Dallas Fed President Lorie Logan told a conference hosted by her bank in Houston on Thursday.