Any pause is likely to be met with some resistance as several Fed presidents, including Loretta Mester of Cleveland and James Bullard of St. Louis, who have suggested there’s more work to do to cool off a strong economy and elevated inflation.

Source: https://businessmirror.com.ph/2023/06/01/fed-signal-for-rate-pause-takes-pressure-off-hot-jobs-report/

The Fed needs to get inflation onto a sustainable path this year or else risk a repeat of the 1970s, when interest rates had to be repeatedly ratcheted up, St. Louis Fed President James Bullard said.

Source: https://financialpost.com/pmn/business-pmn/gold-flat-as-investors-seek-direction-from-u-s-fed-minutes