Several Federal Reserve officials said interest rates appear to be high enough, for now—𓄧indicating🦩 the Fed is likely to keep rates unchanged at its upcoming meeting.

But with the economy still humming,🀅 future rate hikes aren’t off the table depending upon upcoming economic data, some said. 

Dallas Federal Reserve President Lorie Logan echoed other top Fed officials when she said Thursday the current 澳洲幸运5开奖号码历史查询:federal fund rate of 5.25% to 5.5% was sufficiently high for the time being. But as 澳洲幸运5开奖号码历史查询:inflation continues to remain above the Federal Reserve’s target of 2%, the Fed must make a priority of bringing it under control, she said.

“Lower inflation isn’t necessarily low-enough inflation,” she said in a speech 🐻to the Dallas Business Club at Southern Methodist University. “If high inflation becomes entrenched, restoring price stability could r💎equire much larger and more costly rate increases.”

And while the Fed’s recent cycle of interest rate hikes appeared sufficient for now, that doesn’t mean ♏that the central bank can keep skipping rate hikes if other economic data c🎀ontinues to show persistently high prices, she said.

“Skipping does not imply stopping,” she said of✃ the Fed’s likelihood to raise rates even higher if needed. 

Monetary Policy is ‘Sufficiently Restrictive’

In a Thursday interview with Bloomberg, New York Fed President John Williams also said current 澳洲幸运5开奖号码历史查询:monetary policy was “sufficiently restrictive,” meaning interest rates wereꦺ high enough to keep economic growth, and with ꦺit inflation, under control.

One set of data Williams said he would study was the employment market. Williams said he was looking beyond the unemployment rate to other indicators to examine whether the supply 🎀and demand of labor has become more balanced. Unemployment is expected to rise, but Williams said it shouldn’t reach critical levels.

“We are going to see some increase in the unemployment rate, but not at the level we have seen in past recessions,”  Williams said.

In comments earlier this week, Boston Federal Reserve President Susan Collins said that the 澳洲幸运5开奖号码历史查询:lag effect of interest rate hikes meant that rates needed to stay where they were, but could indeed be raised later. Also this week, Atlanta Federal Reserve President Raphael Bostic reportedly reiterated his comments that the Fed’s recent rate hikes needed time to work before adjusting the rate.

The comments from Fed officials come ahead of the “quiet period” that begins this weekend, where they are prohibited from making public comments ahead of the Sept. 19 meeting.