Several Federal Reserve officials say more interest rate hikes are needed to curb inflation. ratehikes Fed
“We are not done yet with raising interest rates,” Fed Governor Lisa Cook said. “We need to raise rates aggressively to put a ceiling on inflation,” Minneapolis Federal Reserve President Neel Kashkari stressed.Several Federal Reserve governors and presidents said this week that more interest rate hikes are needed to curb inflation.
We are determined to bring inflation down to our target … So I think we are not done yet with raising interest rates, and we will need to keep interest rates sufficiently restrictive. After a series of 75-basis-point rate hikes last year, the Federal Reserve raised its benchmark interest rate byCiting the January jobs report showing nonfarm payroll growth of 517,000, Fed Governor Christopher Waller said Wednesday at the Arkansas State University Agribusiness Conference, “We are seeing that effort begin to pay off, but we have farther to go.” He emphasized:
New York Fed President John Williams said at a Wall Street Journal event Wednesday that moving to a federal funds rate of between 5.00% and 5.25% “seems a very reasonable view of what we’ll need to do this year in order to get the supply and demand imbalances down.”
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