It looks as if the Fed's chair, Jerome Powell, is abandoning gradualism.
Investors are increasing bets on a 75-basis-point hike.
The Federal Open Market Committee will raise rates by 50 basis points next week, economists say in a survey.
The St. Louis Fed's president, James Bullard, urged policy makers to raise interest rates to 3.5% this year.
A hike to 3.5% by year's end could lead to policy easing by 2023, said the St. Louis Fed's James Bullard.
The criticism is a notable contrast to the relatively gentle treatment Powell has faced in congressional appearances.
The path outlined by the economists' consensus is far less aggressive than that laid out by some forecasters.
Substance abuse has played a significant role in reduced labor-force participation, a Fed report said.
Fed chairrman Jerome Powell has previously said a 50 basis-point increase was on the table for the Fed's May-3-4 meeting.
Fed officials lifted their benchmark lending rate off zero this month with a quarter-point increase.
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