Business Maverick: Fed’s Williams Sees 50 or 75 Basis-Point Rate Hike Debated in July

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US central bankers will discuss whether to raise rates by 50 basis points or 75 basis points when they meet next month, with the decision being determined by economic data, Federal Reserve Bank of New York President John Williams said on Tuesday.

“In terms of our next meeting, I think 50 to 75 is clearly going to be the debate,” Williams said during an interview with CNBC. “My view is we’ve got to get interest rates higher, and we have to do that expeditiously.”

Fed officials have pivoted to more aggressive rate increases as they fight the hottest inflation in 40 years, following criticism that they left monetary policy too easy for too long as the economy rebounded from the pandemic.

 

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