Central Banks
Fed Officials Signal Divide Over Whether to Hike Rates Again
- New York chief John Williams says one more hike ‘reasonable’
- Chicago Fed’s Goolsbee calls for ‘prudence and patience’
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Federal Reserve officials sounded divergent notes about the central bank’s next policy move, with one of its top officials suggesting another rate increase may be needed to quell inflation and its newest policymaker signaling a pause may be in order.
New York Fed President John Williams said Tuesday that Fed officials still have more work to do to bring down prices, echoing remarks from his colleagues in recent days, and suggested they will stay the course despite new uncertainty from turmoil in the banking sector.