Fed, inflation and interest rate
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Federal Reserve policymakers raised the benchmark interest rate just days after President Trump said the United States should have "the lowest interest rates in the world."
By Howard Schneider and Ann Saphir WASHINGTON/SAN FRANCISCO, Sept 24 (Reuters) - US Federal Reserve officials, who have begun hiking interest rates to tame high inflation, believe they can do so without damaging the job market if businesses come to anticipate falling inflation as a reason to raise prices less.
Forbes contributors publish independent expert analyses and insights. Charles Lloyd Bovaird II is a financial writer focused on investments. This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more.