The current level of rates already raises doubts among analysts about whether it will affect US economic growth in the coming months.
Federal Reserve Bank of Minneapolis President Neel Kashkari said Tuesday that his biggest fear is that the Fed and financial markets are underestimating underlying inflationary pressures, leading to even more aggressive interest rate hikes than expected. which is currently expected.
Raising interest rates to curb inflation is likely to dampen economic growth in the United States and the rest of the world, Citigroup Chief Executive Jane Fraser said on Wednesday.
“We are very concerned about the high prices that consumers are facing in the United States and indeed around the world,” Fraser said in response to a question during the House Financial Services Committee hearing.
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