Fed Officials See Rates Close to Peak, Differ on How Close
- Rates are in ‘restrictive stance,’ Philadelphia Fed chief says
- Collins says Fed may need more rate hikes; near hold level
James Bullard
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Two Federal Reserve officials signaled policymakers may be close to being done with interest-rate increases, but one of them held back from ruling out further hikes until inflation is more clearly on a downward path.
“We may need additional increments, and we may be very near a place where we can hold for a substantial amount of time,” Boston Fed President Susan Collins said Thursday during an interview with Yahoo! Finance ahead of the Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming.