Latest News

Texas Spurs Copycats as States Punish Banks That Snub Oil and Gas



Fed should lift rates a full percentage point by mid-year -Waller

(Reuters) -Federal Reserve Governor Christopher Waller on Thursday laid out the case for a “concerted” effort to rein in inflation, calling for raising interest rates a full percentage point by mid-year, starting with a half-percentage-point hike in March if data in coming weeks continues to point to an “exceedingly hot” economy. “I believe appropriate interest rate policy brings the target range up to 1 to 1.25 percent early in the summer,” Waller said at the University of California, Santa Barbara, Economic Forecast Project. The Fed should also start trimming its $9 trillion balance sheet “no later than” its July meeting, he said.

Economic Report: U.S. grew 7% in 4th quarter, GDP shows, but economy enters more uncertain period

Previous article

Dispatches from a Pandemic: ‘We’re like rats in a cage’: Sick and tired of their jobs, American workers strive to regain their agency, their time — and their sanity

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News