NEW YORK — The Federal Reserve should start raising interest rates next month to help rein in too-high inflation, Federal Reserve Bank of New York President John Williams said Friday. But he added that the rate hikes may not have to begin with as big a bang as some have suggested. With inflation at its hottest level in two generations, the Fed is widely expected to seek to cool the economy by raising its benchmark short-term interest rate from its record low of nearly zero, where it’s been throughout the pandemic.
Federal Reserve Officials Push Back On Rapid Interest Rate Hikes
Stan Choe, Christopher S. Rugaber, Denver Post: Business
Fri, 02/18/2022 - 2:13pm
Topics: the federal reserve president john williams personally new jersey city university january williams st louis president james bullard lael brainard federal reserve s board governors march fed chair jerome powell fed s no krishna guha evercore isi wall street s charles evans chicago fed wrong-footed but higher cme group related articles weekly u.s patagonia outdoor retailer consumer why u.s u.s december august frederick mishkin columbia university treasury russian ukraine york fed the federal reserve bank york i williams williams new fed s wall street brainard brainard evans but evans rates economy year move level moves comments added month factors framework traders market suggested expected approach preempt denver bond closer normal conference current
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