Browsing: FOMC

Economy FOMC minutes: Members uncertain about further rate hikes

Federal Open Market Committee members all agreed to raise the federal funds rate by 25 basis points at their meeting earlier this month but were divided on whether further monetary policy tightening would be needed, according to FOMC minutes.

Economy Waller: Inflation too high to stop rate increases

Federal Reserve Governor Christopher Waller said that he does not support stopping increases in the federal funds rate unless there is “clear evidence” that inflation is heading towards the Fed’s 2% objective.

Economy Fed’s Jefferson: Inflation remains too high

While inflation has come down substantially since last summer, it is still too high, and by some measures progress has been slowing, Federal Reserve Governor Philip Jefferson said today during an insurance conference in Washington, D.C.

Economy Fed’s Goolsbee urges caution on raising rates

Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential “financial headwinds”—such as tighter credit conditions—following the closures of Silicon Valley Bank and Signature Bank, Chicago Fed President Austan Goolsbee said.

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