Central Banks
Most Fed Officials Seek to Slow Pace of Interest-Rate Hikes Soon
- ‘Various’ policymakers viewed peak rate as higher than before
- Fed discussed lags, cumulative tightening, financial risks
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Federal Reserve officials concluded earlier this month that the central bank should soon moderate the pace of interest-rate increases to mitigate risks of overtightening, signaling they were leaning toward downshifting to a 50 basis-point hike in December.
“A substantial majority of participants judged that a slowing in the pace of increase would likely soon be appropriate,” according to minutes from their Nov. 1-2 gathering released Wednesday in Washington.