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MNI PODCAST: FedSpeak-Fuhrer Says Hikes Have Gone Too Far

(MNI) WASHINGTON
EXECUTIVE SUMMARY
  • The Fed has already raised interest rates too far but could hike them even further given misplaced concerns about inflation persistence, ex-Boston Fed research director Jeff Fuhrer tells MNI.
  • Fuhrer says the underlying rate of inflation is already 2.5-3% and headed lower, he hopes the Fed will be more flexible about cutting rates than the SEP suggests.
  • We also discuss his new book, "The Myth That Made Us."
Listen to full podcast here.
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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