Two Fed Officials Advocate for Additional Interest-Rate Hikes to Tackle Rising Prices
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.
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