With the U.S. October jobs report cementing expectations for a December interest rate rise, the next big fight on the Federal Reserve’s policy-setting committee will be over the pace of future increases.

“It is going to be a very hot debate,” St. Louis Fed President James Bullard said Friday as he answered audience questions after delivering a speech in his home base. “We certainly said we are going to go gradually. I think there is unanimous support for that on the committee. But what does gradually actually mean?” Bullard votes on policy in 2016.

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