Economics
More Fed Officials Pile on Bandwagon Favoring Rate-Hike Pause
- Evans, Rosengren ready to be patient despite optimism
- Atlanta Fed chief Bostic says next move could be a hike or cut
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Four Federal Reserve regional chiefs declared that the central bank can take its time to assess market turbulence and risks to the U.S. economy before adjusting monetary policy again, solidifying support for a pause from interest-rate increases.
Their voices, atop the new tone of caution set last week by Fed Chairman Jerome Powell, reinforced the message that policy makers will very likely take a break from raising rates in the coming months after lifting borrowing costs four times in 2018, a pace that upset investors and President Donald Trump.