(Bloomberg) -- Two Federal Reserve officials said policymakers may be close to being done with interest-rate increases, but one held back from ruling out further hikes until inflation is more clearly on a downward path. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayMore People Call in Sick on August 24 Than Any Other DayHuawei Building Secret Network for Chips, Trade Group WarnsStocks Fall as AI Buzz Wanes With Powell in Focus: Markets WrapBRICS Bloc Grows
“We may need additional increments, and we may be very near a place where we can hold for a substantial amount of time,” Boston Fed President Susan Collins said Thursday during an interview with Yahoo! Finance ahead of the Kansas City Fed’s annual economic policy symposium in Jackson Hole, Wyoming.
Collins spoke with multiple media outlets Thursday, saying the US economy has not yet slowed enough to put inflation on a sustainable trajectory downward, which suggests the Fed may need to raise rates further. She also said she’s among the policymakers who anticipate one more rate hike this year. “We are in a restrictive stance,” Harker, a voting member on the policy-setting Federal Open Market Committee, said during an interview with CNBC. “I’m in the camp of ‘let the restrictive stance work for a while, let’s just let this play out for a while, and that should bring inflation down’.”Central bankers from around the world are gathering in Jackson Hole for the Federal Reserve Bank of Kansas City’s annual two-day gathering.
Bullard, who resigned last month to become dean of Purdue University’s business school and did not attend the conference, reiterated remarks he made earlier this week that recession fears have been overblown and stronger economic growth could require higher rates to keep battling inflation.
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