Inflation Rose Less Than Expected Last Month. Now a Top Trump Official Says The Fed Must Act Accordingly
7 Articles
7 Articles
Hassett sees no ‘excuse’ to raise rates
National Economic Council Director Kevin Hassett said Wednesday he sees no argument for raising interest rates in light of the latest data on the U.S. economy, including an “amazing” inflation report. “There’s not really an excuse for raising rates right now,” Hassett said on CNBC’s “Squawk Box.” He said that he expects the Federal Reserve...
U.S. Federal Reserve Chairman Kevin Warsh has demonstrated a strong hawkish (preferring monetary tightening) resolve, stating that he will absolutely not sit idly by while persistently high inflation persists. This is being interpreted as the central bank head personally warning against premature complacency, despite the recently released June inflation figures showing a clear slowdown. Investors interpret this as an indication that the Federal …
Inflation in the United States fell to 3.5 percent in June. Meanwhile, Kevin Warsh, Chairman of the US Federal Reserve (Fed), is testifying before the US Congress for the first time. There, he emphasizes that inflation is falling and the US housing market is not in good shape. According to BNR's resident economist Han de Jong, these are two reasons for the Fed not to raise interest rates at the next meeting.
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