Fed’s Kashkari: The Fed could embark on a series of hikes in response to inflation.
With the new Fed Chair Kevin Warsh in his office for his first week, Minneapolis Fed Pres. Kashkari is speaking to Nikkei and says that the Fed could embark on a series of rate hikes in response to inflation stemming from turmoil in the Middle East.
If the story line continues with oil and gas prices remaining elevated, inflation expectations continue to move higher, AND the stock market continues to move higher, the Fed (and Warsh) are in a difficult position.
The problem is no one knows when the war will end, and the longer it goes on, the more difficult it will be for the Fed to ignore the impact from inflation despite the transitory nature of what it may be.from the war.
This article was written by Greg Michalowski at investinglive.com.提供 MainLink:Investinglive RSS Breaking News Feed
