Paulson is latest Fed official to say more rate hikes may be needed - Yahoo Finance — SkimNews
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- Philadelphia Fed's Anna Paulson said "modest" rate moves are likely ahead to tame inflation, making her the latest Fed official to publicly signal further hikes may be needed.
- Fed's Barr said more rate hikes are likely needed to return inflation to the Fed's target, joining a growing chorus of Fed officials arguing the tightening cycle isn't over.
Why it matters: With at least three Fed officials—Paulson, Barr, and Williams—now publicly aligned on the view that more hikes may be needed to return inflation to target, the central bank's tightening stance appears to be hardening rather than nearing an end.
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