Fed Officials Divided on Need for Further Rate Hikes to Curb Inflation
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Powell recently expressed uncertainty about whether policy is restrictive enough to reduce inflation.
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Former Kansas City Fed President Esther George says more time is needed to see the full effects of rate hikes before tightening further.
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George notes the Fed "has time to pause" to gain confidence they are moving in the right direction.
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George wants to see more data to confirm the economy is not re-accelerating before pausing rate hikes.
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Jobless claims and labor market data will indicate how demand is cooling as the Fed fights inflation.