On April 12, Federal Reserve officials expressed different views on the Fed’s next policy move. One FOMC voter suggested that another rate hike may be needed to curb inflation, while another voter suggested that a pause in rate hikes may be a good idea. suitable.
Echoing comments from his colleagues in recent days, New York Fed President John Williams said on Tuesday that Fed officials still have more work to do to keep inflation down.
Williams said they would stick to that approach despite the new uncertainties created by the turmoil in the banking sector.
Chicago Fed President Goolsbee called for “caution and patience” in assessing the economic impact of tightening credit conditions that could stem from financial stress, the first official to suggest that policymakers may need to hold off on further rate hikes for now. It is also the voting committee of this year.