Fed Officials Divided on Raising Interest Rates Amid Banking Turmoil
TL;DR Summary
Federal Reserve officials are divided over whether to hike interest rates again, with New York Fed President John Williams suggesting another rate increase may be needed to control inflation, while Chicago Fed President Austan Goolsbee called for "prudence and patience." Williams said that the Fed still has work to do to bring down prices and suggested they will stay the course despite new uncertainty from turmoil in the banking sector.
- Fed Officials Signal Divide Over Whether to Hike Rates Again Bloomberg
- Fed Official: ‘We Need to Be Cautious’ on Raising Rates After Bank Failures The Wall Street Journal
- Chicago Fed President Goolsbee weighs in on monetary policy CNBC Television
- New Chicago Fed president Austan Goolsbee warns against raising interest rates too aggressively Chicago Tribune
- Fed official: Central bank should be 'cautious' in wake of banking turmoil CNN
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