The Federal Reserve officials have indicated in a string of sayings on Tuesday that the US financial policy makers will continue to raise rates at the same measured pace as before.
Fed Governor Susan Bies said in Baltimore that with moderate inflation expectations and continuing economic recovery the Fed should "continue our pace of making measured advances at each of the meetings."
Sandra Pianalto, president of the Cleveland Fed, was more hawkish than the others, saying that the Fed should pay attention to the fact that inflation may be on its way, and it is better to raise rates sooner than "finding out the hard way."
"It is prudent to move the federal funds rate up to a position that gives me more confidence that monetary policy is no longer accommodative," she said in a corporate meeting in Pittsburgh.
Minneapolis Fed President Gary Stern said he was "not fully persuaded" excessive risk-taking is taking place as mentioned in the Fed minutes of the previous meeting.
Philadelphia Fed President Anthony Santomero did not counter the ossibility of moving to a more aggressive rate-changing pace, but agreed with Bies that the change in policy needs to erly on the flow of data.
"If signs of price pressure emerge on a consistent basis we will need to consider quickening the pace," Santomero said in a speech to the Philadelphia Chamber of Commerce.