Fed outlook: officials urge caution amid uncertainty

Pace of rate hikes doesn’t need to be as “rampant” as recent moves, says Mary Daly

The US Federal Reserve

US Federal Reserve officials signalled the need for caution in future policy moves, amid growing discussion of a possible slowdown in monetary policy tightening.

The terminal interest rate is uncertain and dependent on how the economy evolves, said Mary Daly, president of the San Francisco Fed. “I support a more gradual approach of getting to it,” she said on November 10.

“You go really fast when you know where you’re headed,” said Daly. Now, as the economy nears a turning point, greater

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