© Archyde.com Fed member Barkin favors slow rate hikes
Arabictrader.com – confirmed policy maker US Federal Thomas, during an interview with Bloomberg yesterday evening, Monday, that he prefers to slow down in raising interest rates, even if it takes a longer time, but the final rate will be higher, and the following are the most prominent of what he said:
- If inflation continues to rise, the US Federal Reserve will have to raise interest rates.
- Inflation expectations will remain stable.
- The US Federal Reserve will reduce inflation.
- Slowing the pace of interest rate hikes would be better for countering risks.
- Although the policymaker was biased to slow the pace, he did not disclose the amount of the hike.
- The US Federal Reserve should cut to reach the 2% target.
In this context, it is noteworthy that the US Federal Reserve policy maker, Loretta Mester, confirmed yesterday evening, Monday, that the US Federal Reserve will continue to raise interest rates, and added that the Fed will not stop raising it unless an improvement appears in US inflation data.
