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MNI INTERVIEW: Fed To Stay On Hold After Rates Peak -Blinder

(MNI) WASHINGTON

Fed may need to hike a bit more than the 3.8% median of the last SEP, ex-Fed vice chair says.

The Federal Reserve is unlikely to cut interest rates shortly after it stops raising them as many in financial markets still seem to think, ex-Fed Vice Chair Alan Blinder told MNI on the sidelines of this year’s Jackson Hole conference.

The Fed may also need to push interest rates somewhat higher than the central bank’s median projection of 3.8%, Blinder said in an interview with MNI’s FedSpeak podcast.

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The Federal Reserve is unlikely to cut interest rates shortly after it stops raising them as many in financial markets still seem to think, ex-Fed Vice Chair Alan Blinder told MNI on the sidelines of this year’s Jackson Hole conference.

The Fed may also need to push interest rates somewhat higher than the central bank’s median projection of 3.8%, Blinder said in an interview with MNI’s FedSpeak podcast.

Keep reading...Show less