“I understand the arguments for not hiking this at this meeting,” Summers said, alluding to the latest numbers which show cooling inflation.
while signaling future increases was “disturbing” and “confusing” — and chalked it up to internal politics at the central bank.
Fed Chair Jerome Powell on Wednesday sounded a cautious note as the Fed paused after hiking rates 10 straight times since early 2022 — but signaled it expects two further rate increases this year worth half a percentage point. Larry Summers, the former treasury secretary, criticized the Fed’s decision to pause interest rate hikes while signaling future increases.“But those arguments wouldn’t point towards signaling two further rate increases, they wouldn’t point towards significantly revising the forecasts towards a stronger economy and more inflation,” Summers said.
The Consumer Price Index — a closely-monitored measure of inflation that tracks changes in the costs of everyday goods and services — rose 4% in May versus a year earlier, according to the US Bureau of Labor Statistics.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chicago's summers are turning up the heatChicago's summers are getting hotter and the summer of 2023 is about to turn up the heat too.
Consulte Mais informação »
Can hot weather cause allergies to flare up? Here’s how a heat wave can affect snifflingPlants still grow in Texas summers, including some trees and most grass types.
Consulte Mais informação »
'Profoundly disturbing': Hillary Clinton weighs in on GOP efforts to defend TrumpHillary Clinton weighed in Monday on the Republican response to Trump's indictment. Republican supporters of Trump have pointed to the Justice Department’s decision in 2016 not to bring charges against Clinton. The Morning Joe panel discusses.
Consulte Mais informação »
'Profoundly disturbing': Hillary Clinton reacts to Republicans defending Trump over federal indictment2016 Presidential candidate Hillary Clinton blasted Republicans on Tuesday over their handling of the controversy surrounding former President Trump's federal indictment.
Consulte Mais informação »
Ahsoka Wields An Inquisitor's Lightsaber In Disturbing Star Wars CosplayA sinister new cosplay imagines a dark Star Wars timeline, one where Ahsoka Tano wields an Inquisitor's lightsaber as an agent of the dark side.
Consulte Mais informação »
LARRY KUDLOW: Trump's federal indictment was a very sobering and sad day in American historyFOX Business host Larry Kudlow argues the federal charges against former President Donald Trump in the classified documents case are 'weaponized charges' on 'Kudlow.'
Consulte Mais informação »