(Bloomberg) — US central bankers said the next phase in their campaign to curb inflation will be to debate how high to raise interest rates and when to slow the pace of increases.
St. Louis Fed President James Bullard and San Francisco Fed chief Mary Daly both stressed the need to keep tightening policy with inflation at a 40-year high, while suggesting more caution next year.
Their comments at separate events Friday come as officials are about to enter their blackout period ahead of their Nov. 1-2 policy meeting. Both of them made clear they expect the discussion to be on the table at that gathering.
“You’ve come off zero. You’ve gone to this much higher level of the policy rate. But once you’re at the right level, then you can just make minor adjustments at that point — maybe to stay where you are, maybe to go a little bit higher, based on incoming data,” Bullard said in an interview with Wharton Business Radio on SiriusXM.
www.bnnbloomberg.ca/fed-officials-expect-debate-on-rate-peak-and-when-to-slow-hikes-1.1835960
h/t Dismal-Jellyfish