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.
Similar Stories to Federal Reserve Officials Push Back On Rapid Interest Rate Hikes on Bing News
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
BING NEWS:
- Fed Cuts Key Interest Rate To Lowest In Nearly Two Years
The Federal Reserve just cut interest rates, but don't get used to falling borrowing costs: they're likely to stay where they are for at least the next couple of months.
12/18/2024 - 7:04 am | View Link - How the Federal Reserve impacts savings account interest rates
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top interest rates tend to pay more when the U.S. central bank hikes ...
12/18/2024 - 6:10 am | View Link - Fed Cuts Rates, but Projects Fewer Reductions Next Year
Federal Reserve officials are widely expected to cut interest rates, but investors will focus on hints about what comes next.
12/18/2024 - 12:38 am | View Link - Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight ...
12/18/2024 - 12:27 am | View Link - Federal Reserve is expected to make a 3rd consecutive rate cut today. Here's what to know.
The Federal Reserve will announce a rate decision today, Wednesday, Dec. 18. Economists are now expecting fewer cuts in 2025.
12/17/2024 - 11:33 pm | View Link - More
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