Fed policymakers debate if 5% interest rates are restrictive enough, with rate hikes back on the table.

Policymakers at the Fed are starting to question if they are being restrictive enough with interest rates at 5%.

Rate hikes are definitely back in the debate. No one knows what the neutral rate is now for interest rates.

Rate cuts are off the table. At least for now. pic.twitter.com/DBOmIsBmIN

— QE Infinity (@StealthQE4) June 9, 2024

Jobs Surge to Reignite Fed Debate Over How Restrictive Rates Are

The housing market shows that the tool the Fed is using to lower inflation is doing the exact opposite, former White House adviser says