Former Fed officials express doubts over rate hikes amidst inflation concerns.
TL;DR
Former Federal Reserve Bank of Dallas President and CEO Robert Kaplan advised against raising interest rates at the moment, citing concerns that it would disproportionately hurt small and mid-size banks and businesses. He called for a "whole of government approach" to address the issue of inflation and warned of a potential slowdown in GDP, though he did not predict a recession. The Federal Reserve recently raised its benchmark interest rate but signaled that future rate increases will depend on "incoming information."
Topics:businessfinance#credit-crunch#federal-reserve#finance#inflation#interest-rates#small-businesses
- Former Fed president says he wouldn’t raise rates ‘if I were sitting in my old seat’ Fox Business
- Fed Official Signals Support for Further Rate Increases The Wall Street Journal
- Senior Federal Reserve official signals doubts over pause in US rate rises Financial Times
- Fed Needs More Hikes If Inflation, Labor Stay Hot, Bowman Says Yahoo Finance
- Fed's Bowman: more policy tightening likely appropriate Reuters
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