Economics
Fed Officials Stress Not Jamming Brakes on Economy as Hikes Loom
- Fed’s George: policy support should be removed ‘deliberately’
- Daly argues against going too quickly; Bostic sees three hikes
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Federal Reserve officials said they want to avoiding unnecessarily disrupting the U.S. economy as they prepare to start raising interest rates, showing little stomach for an aggressive 50 basis-point move in March.
Chair Jerome Powell declared last week that officials were ready to raise rates at their next meeting to curb the strongest inflation in four decades. But he declined to give specific guidance on the policy path, apart from saying that support should be removed steadily and policy had to be nimble in responding to incoming economic data.