In the US, the Fed’s interest-rate debate is shifting

(Image: Getty)

Wed, 16 Aug 2023

By Jonnelle MarteAs Federal Reserve officials close in on the end of their tightening campaign, the debate is shifting from how high interest rates need to go to how long they should stay elevated.Inflation pressures are easing, which could give policymakers room to keep interest rates at or near current levels for the time being. Still, price gains remain well above the central bank’s 2% target, making policymakers hesitant to declare victory. Introducing the discussion over how long officials may keep rates steady even if inflation...

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