Central Banks
Fed Officials Warn They May Need to Lift Rates to a Higher Peak
- Data show US labor market is tightening, governor says
- Bostic favors staying on gradual path but open to going higher
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Two Federal Reserve policymakers cautioned that recent stronger-than-expected readings on the US economy could push them to raise interest rates by more than previously expected.
In remarks Thursday, Governor Christopher Waller said that if payroll and inflation data cool after hot prints in January, “then I would endorse raising the target range for the federal funds rate a couple more times, to a projected terminal rate between 5.1% and 5.4%.”