Page 5 - Steam Off News Today : Breaking News, Live Updates & Top Stories | Vimarsana

so really, it would just negate the increases of the last week, and there are big questions because of how it s taxed about whether or not that decrease will be passed along to consumers at the pump. okay. thank you so much. pete, matt, thank you. let s bring in diane swok, the chief economist at grant thorton. he s also an adviser to the federal reserve and the congressional budget office. thank you for being here. do you think the president s plan will work? well, it s not going to take off the real problem, the steam off of inflation in the way that we really need to do it. that s on the shoulders of the federal reserve, and that s why you re seeing the federal reserve committed to raising rates, not just a half percent at one meeting but a half percent at likely the next two meetings as well. and getting up to at least a neutral rate and then going further on interest rate hikes, because they really have to bring campen demand down in order to bring it in line with

Pete m monteenDiane swokMatt eaganCongressional budget officeGrant thortonSteam offFederal reserveKremlin lineInterest rate hikes