A top Federal Reserve official argued strongly for raising interest rates more than many investors expect, saying recent tax cuts and federal spending increases have contributed to risks that the economy may overheat.

Fed governor Lael Brainard, who last year advocated for caution in raising rates, said in a speech Wednesday in Detroit the Fed likely would want to bring rates higher than the long-run neutral level that would neither spur nor slow growth.

Source link

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.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