(Reuters) – The Federal Reserve should avoid pushing the U.S. economy into an “unprovoked slowdown” by tightening monetary policy too sharply, Fed Regional Office Chair Mary Daly said on Friday. adding that the institution is approaching the stage where it should slow the rise in rates.
“We can’t just keep raising (rates) in 75 basis point increments… We could have another 75 basis point hike but it’s not 75 forever,” he said. Mary Daly at an event at the University of California, Berkeley.
“I’m hearing a lot of concerns right now that we’re going to ruin ourselves (…). We really have to think hard about how we have to be restrictive,” she added. “It’s time to start debating a slowdown in interest rate hikes.”
(Report Ann Saphir, French version Laetitia Volga, edited by)
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