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MNI PODCAST: FedSpeak-Blinder Sees Exclamation Point On Hikes

Photo by Cora Leach on Unsplash
(MNI) WASHINGTON
EXECUTIVE SUMMARY
  • Alan Blinder tells MNI's FedSpeak podcast Fed Chair Jerome Powell's remarks on Friday were intended to push back on market expectations of rate cuts shortly after the fed funds peak, because inflation pressures are "nearly unprecedented" for the United States.
  • Former Fed vice chair says rates may have to go a bit higher than the Fed's June SEP median projection of 3.8%.
  • Blinder says the job market is really tight because of the lack of recovery in labor force participation.
  • He also discusses his new book, 'A Monetary and Fiscal History of the United States, 1961-2021.'

Listen to the full podcast here.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
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