After policymakers last month signalled intentions to continue rising rates at their quickest clip in decades in order to combat inflation that has hit 40-year highs.
Two Federal Reserve officials started making the case for being cautious while boosting interest rates.
During a lecture Monday at a conference of business economists in Chicago, Fed Vice Chairwoman Lael Brainard discussed how prior rate hikes.
Together with projected future rate rises, may slow the economy in ways that can't yet be seen.
Which has risen to 40-year highs, two Federal Reserve officials started making the case for being cautious when boosting rates.
Fed Vice Chairwoman Lael Brainard discussed how prior rate rises and predicted future rate increases would impede the economy in ways that aren't currently visible.