For that reason, I support continued increases in the FOMC’s policy rate and, based on what I know today, I support a These views are my own and do not represent any position of the Board of Governors or other Federal Reserve policymakers.
1  -2significant increase at our next meeting on September 20 and 21 to get the policy rate to a setting that is clearly restricting demand. The final takeaway is that I believe forward guidance is becoming less useful at this stage of the tightening cycle.