Central Banks
Fed Officials Reveal Debate Over Whether to Pause Rate Hike in June
- NY Fed’s Williams is monitoring impact of past rate increases
- Cleveland’s Mester concerned Fed policy not yet tight enough
The Federal Reserve building in Washington, DC.
Photographer: Jay Mallin/Bloomberg
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One of the Federal Reserve’s more hawkish policymakers suggested it will need to keep raising interest rates, while four others stressed watching the impact of their tightening so far.
The remarks on Tuesday by Cleveland Fed President Loretta Mester, New York Fed chief John Williams and Richmond’s Thomas Barkin, Dallas’s Lorie Logan and Chicago’s Austan Goolsbee expose ongoing internal debate over a pause on rate hikes next month.