February 7, 2023

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A member of the US Federal Reserve has stressed the need for Arab traders to raise interest rates

© Reuters US Federal Reserve member stresses need to raise interest rates

Arabictrader.com – US Federal Reserve Chairman James Bullard has warned of the risk of high inflation and the inability to control it and that the US Federal Reserve could raise interest rates if it does not raise interest rates. Out of control in this matter.

In an effort to stem the rise in the inflation rate, which has hit a 40-year high of 7.5% last year, Pollard called for a 100 basis point hike in interest rates by next July.

A member of the US Federal Reserve has stressed that 2022 could be the second year that inflation has been so high. That is why, in this scenario, the Fed should move faster and more aggressively than we do in other scenarios.

It is noteworthy that US Federal Reserve member Neil Kashkari, in previous reports, stressed that the bank would do what was necessary to restore equilibrium in the economy, and that some inflation would automatically disappear when the faint-hearted people return to buy. Services.

Kashkari noted that the US Federal Reserve could ease demand by raising interest rates and tightening financial conditions, but it would not solve supply side problems.

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