Lift Interest Rates News Today : Breaking News, Live Updates & Top Stories | Vimarsana

what we taught when i was leaving cea in 2019 spending would be, and they re outspent what we thought in 2019 they were going to spend by $10 trillion. [laughter] i mean, it s almost enough to pay your salary, i know [laughter] but $10 trillion of spending, and we ve got a federal funds rate which historically doesn t start to bring inflation under control untilst the above the inflation it s above the inflation rate. and the federal funds rate is still below the inflation rate. so monetary policy is still still laive and inflation is sort of stimulative, and inflation is sort of suck where this is. where it is. the fed s got to the lift interest rates enough so the unemployment rate goes up 1-2%, and at that point wage and price pressures bo the down. but the fact is that the fed s pretty far from doing that. and i sensed a little frustration in jay s voice when he said we re going to the maybe have to go up more. i wouldn t be surprised if they start to give us 50 basis point

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