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Reuters
Fed officials: no call yet on 50 vs 75 bps rate hike next month
JACKSON, Wyo. (Reuters) -U.S. Federal Reserve officials on Thursday were noncommittal about the size of the interest rate increase they will approve at their Sept. 20-21 meeting, but continued hammering the point they will drive rates up and keep them there until inflation has been squeezed from the economy. Those higher rates could lead to higher joblessness and are already starting to crimp household and business spending, Kansas City Federal Reserve president Esther George said on CNBC, but the central bank will not flinch from tighter policy. George said it remained “too soon to say” whether a half-point or three-quarter-point rate increase would be most appropriate at the September meeting.
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