Central Banks
Fed’s 2024 Voters Signal No Urgency to Raise Interest Rates
- Cleveland’s Mester says policy ‘in a good place’ to watch data
- Richmond’s Barkin says Fed should keep option to hike
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Two Federal Reserve officials made the case for continuing to hold interest rates steady on Wednesday, while a third warned that the risk of stubborn inflation should keep the option to hike further on the table.
Cleveland Fed President Loretta Mester, who’s been among the officials calling for higher rates this year, said policy is well positioned for the central bank to be nimble and respond appropriately to the evolving outlook, suggesting she would support another rate pause at the Fed’s rate-setting meeting next month.