Lane, one of the 25-strong Governing Council’s most-dovish members, said the same overall boost to borrowing costs is less likely to generate adverse effects in the form of a “multi-step calibrated series rather than a smaller number of larger rate increases.
While Lane didn’t spell out whether he’d oppose a 75 basis-point step, his comments suggest officials would need to see the need for a higher “terminal rate,” or high point of the current hiking cycle, for him to support such a move. Among the more cautious voices on the Governing Council is Executive Board member Fabio Panetta, who said last week that policy maker must tread carefully as a significant economic slowdown would ease inflationary pressure.
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Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
World stocks fall as investors fret over risk of more aggressive rate hikesInvestors are waking up to the reality that rates may stay higher for longer even as recession risk grows
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