Central Banks
Two Fed Officials Say More Interest-Rate Raises May Be Needed to Cool Prices
- St. Louis Fed’s Bullard sees two more rate increases in 2023
- Minneapolis’s Kashkari calls June pause a ‘close call’
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Two Federal Reserve hawks saw the need to raise interest rates further this year, days after Chair Jerome Powell signaled a pause in June, while two other officials voiced support for patience.
Federal Reserve Bank of St. Louis President James Bullard said Monday that he backed two more increases and his Minneapolis colleague Neel Kashkari said if the central bank does pause, it should signal tightening isn’t over.