Today news
About the same in other media
Fed’s George Concerned About Effect of Aggressive Rate Rises on Economy
Reading now: 645
The Federal Reserve official who cast the sole vote opposing the central bank’s supersize rate rise last month is still worried monetary policy tightening may be happening more quickly than the economy and financial sector can absorb.
“I’m certainly sympathetic to the view that interest rates need to increase rapidly, recognizing that current rates are out of sync with today’s economic landscape,” Federal Reserve Bank of Kansas City President Esther George said in a speech text. “However, I am also mindful of how the rate of change in tightening policy can affect households, businesses, and financial markets particularly during a time of heightened uncertainty.”
Read more on wsj.comAbout this in other media
Popular travel firms rate poorly in new ethical rankings theguardian.com /2 years ago
US Fed Set for New Rate Hike This Week, But How Aggressive Will It Be? cryptonews.com /2 years ago
Rising interest rates will hit already weak UK economy, output shows theguardian.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
