The recent bond sell-off has sent a warning regarding the US Federal Reserve's credibility, according to Alberto Musalem, a top central bank official.
Musalem told the Financial Times that the Treasury selloff signals a need to bolster the US Federal Reserve's inflation credibility.
In line with this assessment, Musalem supported the dissenters' calls for a quarter-point interest rate rise.
These dissenters had previously called for a quarter-point interest rate rise.