Central Banks
Fed’s Paese Says She Backed Rate Pause, May Need to Tighten More
- Interim St. Louis Fed President says inflation moving sideways
- Paese says policy is exerting modest pressure on inflation
This article is for subscribers only.
Federal Reserve Bank of St. Louis interim president Kathleen O’Neill Paese suggested policymakers should be ready to raise interest rates further if progress on inflation slows.
Paese said on Thursday she supported the decision to leave rates steady at the central bank’s last policy meeting but also said it was important for officials to have the option to hike further if needed to cool inflation.