Today news
About the same in other media
24.05 - 08:43
Ex-Fed Official Says Rates of at Least 3.5% Will Be Needed to Slow Inflation
Reading now: 465
STANFORD, Calif.—A former senior Federal Reserve official said it was likely that the central bank would need to raise its benchmark interest rate over the next year to at least 3.5% or to even higher levels that deliberately slow economic growth to bring down inflation.
“Even under a plausible best-case scenario in which most of the inflation overshoot last year and this year turns out to have been transitory, the funds rate will, I believe, ultimately need to be raised well into restrictive territory,” said Richard Clarida, referring to the federal-funds rate, in remarks prepared for delivery Friday at a conference at Stanford University’s Hoover Institution.
Read more on wsj.comAbout this in other media
Russia Will Legalise Cryptos As A Payment Method 'Sooner Or Later': Minister ndtv.com /2 years ago
2 key Ethereum price metrics suggest traders will struggle to hold the $2K support level cointelegraph.com /2 years ago
Dutch regulator says crypto not yet suitable as means of payment or investment cointelegraph.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
![Explaining why people are buying and NOT buying Bitcoin [BTC]](https://finance-news.co/storage/thumbs_400/img/2022/6/2/28075_zntn.jpg)
