Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Business News / Fed official suggests substantial rate hikes may be needed (access required)

Fed official suggests substantial rate hikes may be needed (access required)

The Federal Reserve may have to raise its benchmark interest rate much higher than it has previously projected to get inflation under control, James Bullard, president of the Federal Reserve Bank of St. Louis, said Thursday. Bullard's comments raised the prospect that the Fed's rate hikes will make borrowing by consumers and businesses even costlier and further ...

About The Associated Press

Leave a Reply

Your email address will not be published.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

*