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Tag: interest

Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms

Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022.Yasin Ozturk | Anadolu Agency | Getty ImagesThe Federal Reserve is tasked with slowing the U.S. economy enough...

Fed’s Bostic expresses caution about the pace of interest rate hikes

Atlanta Federal Reserve President Raphael Bostic on Tuesday expressed concern about the impact that rate hikes could have on the U.S. economic recovery, saying the central bank shouldn't move so fast that it chokes off growth.Bostic did not commit in a CNBC interview...

Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead

Cleveland Federal Reserve President Loretta Mester said Friday she's in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery.That means a strong likelihood of backing a 50 basis point rate hike at...