WASHINGTON — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. [time-brightcove not-tgx=”true”] A major concern expressed by both Fed policymakers and some economists is that higher borrowing costs aren’t having as much of an impact as economics textbooks would suggest.
Similar Stories to Are U.s. Interest Rates High Enough To Beat Inflation? The Fed Isn’t So Sure on Bing News
Christopher Rugaber / AP, Time
Mon, 05/13/2024 - 4:06am
Topics: washington ldquo;what joseph lupton j.p morgan fed chair jerome powell gennadiy goldberg td securities on friday dallas federal reserve president lorie logan higher-for-longer wall street president joe biden on wednesday april s march january the fed june millions freddie mac but goldberg one neel kashkari federal reserve s minneapolis and americans ldquo;with tom barkin richmond federal reserve ldquo;the street.&rdquo a fed federal reserve fed s ldquo;i fed&rsquo goldberg the american americans u.s costs hikes borrowing people consumers debt key incomes economy move true bring economists delinquencies spending government comments suggest home time bite economist housing felt ldquo;to spent ldquo;if fully
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