US Fed "more restrictive monetary policy justification"... Possibility of rate hike

The US Federal Reserve has made it clear that it will continue to raise interest rates to contain inflation.

Minutes from the Fed's June meeting revealed that attendees "all agreed that a more restrictive policy stance was appropriate, and acknowledged the possibility that a much more restrictive stance could be appropriate if inflationary pressures continued." I did.

He also agreed with Powell, saying he thought a 50bp or 75bp rate hike would be appropriate at the next meeting.

In particular, the commissioners acknowledged that economic growth could be slowing down, but they also believed that lowering prices was very important for achieving maximum employment.