Central Banks
Fed Officials Keep Up Hawkish Calls for Further Rate Increases
- Williams says forecasts for 5.1% rate peak still reasonable
- Waller cautions that Fed may need rates ‘higher for longer’
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Federal Reserve officials stressed the need to keep raising interest rates, including the potential for borrowing costs to peak at a higher level than previously expected amid ongoing price pressures.
Four policymakers speaking at separate events Wednesday delivered a similar message — welcoming a recent moderation in inflation while cautioning that the fight was not yet won.