Minneapolis Fed President Suggests Interest Rates May Need to Stay High to Combat Inflation
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#f9660aca ver:0.14

Minneapolis Fed President suggests interest rates may need to stay high to combat inflation. Central banks faced extraordinary circumstances in the last four years, including the COVID-related crash, spike in rates, and run-up in inflation. Fed aims for 2% inflation to achieve maximum employment, but may need to cause a recession if inflation remains around 3%. New York Fed President defends 2% inflation target for economic prosperity and price stability. Fed maintains high interest rates to bring inflation under control before considering rate cuts. #Fed #inflation #interestrates...

#newstr #InterestRates #Inflation #HousingMarket #FederalReserve 

 https://here.news/story/f9660aca?ver=0.14