The Fed Needs to Keep Raising Interest Rates to Combat Inflation

St. Louis Fed Chief James Bullard, a longtime hawk, said that the Fed needed to keep raising interest rates to combat inflation. Minneapolis Fed Chief Neil Keshgari: The Fed should keep tightening until there was compelling evidence that core inflation was falling. He instead referred to the 1990s Greenspan Fed, which successfully raised rates by 3% points without a recession and set stage for most successful economy in US history during second half of 90s.

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