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Fed should hike interest rates immediately to cut stagflation risks, economist Stephen Roach suggests
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Former Federal Reserve economist Stephen Roach sees only one way to contain inflation: immediate rate hikes.
If the Fed doesn't act, he warns rising prices could send shockwaves through the economy.
«They're in denial. They continue to harbor the view that these are transitory Covid-related rebound effects,» the Yale University senior fellow told CNBC's "Trading Nation" on Monday. «I would just put the burden of responsibility on the Fed. The longer they defer a more meaningful monetary
Read more on cnbc.comAbout this in other media
Massive inflation will likely push Fed to hike rates six times before 2024, Federated's Phil Orlando predicts cnbc.com /3 years ago
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