Bernanke, former chairman of the Federal Reserve and Nobel laureate in economics, said in a webinar organized by Fidelity Investments on July 20 that the Fed will raise interest rates by 25 basis points at the next meeting.
“By early next year, we’re going to be down to 3% or above inflation, and then I think the Fed will try to take some time to get inflation down to the 2% target,” Bernanke said. He believes that as the price of fighting inflation, the United States may see an economic slowdown and a modest rise in unemployment, “but I would be very surprised if there is a deep recession next year.”
(Article source: Jiemian News)
Article source: Interface News
Former Fed Chairman Bernanke: July rate hike may be the last of this round
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2023-07-21 00:21:41
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