The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, president of the Federal Reserve Bank of St. Louis, said Thursday.
Fed official suggests substantial rate hikes may be needed kxly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kxly.com Daily Mail and Mail on Sunday newspapers.
Fed official suggests substantial rate hikes may be needed 2news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2news.com Daily Mail and Mail on Sunday newspapers.
A senior Federal Reserve official has acknowledged the pain American workers are feeling from soaring inflation as all the wage gains of the average employee over the past two years have not only been completely erased but have fallen deep into negative territory.
Expect interest rate hikes to continue into 2023, Fed official says ktvz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ktvz.com Daily Mail and Mail on Sunday newspapers.