The ‘7% answer’ on rates of interest might come again to hang-out the Federal Reserve
A dealer watches as Federal Reserve Chair Jerome Powell speaks on a display on the ground of the New York Inventory Alternate (NYSE), November 2, 2022.
Brendan McDermid | Reuters
St. Louis Federal Reserve President James Bullard instructed on Thursday that the central financial institution might need to lift short-term rates of interest as excessive as 7% to make sure that inflation goes away.
As soon as once more, Bullard and different Fed officers say that the central financial institution can not repeat the coverage errors of the Seventies.