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(RPT) MNI INTERVIEW: Fed Likely To Hike 25BPs Next Week

(MNI) WASHINGTON

FOMC must quickly restore banking system confidence, former senior NY Fed official Cecchetti says.

(Repeats story first filed on March 14)

The Federal Reserve will likely approve a quarter-point interest rate increase next week as focus shifts from strong economic data to restoring confidence in the banking system, former senior Bank for International Settlements official and ex-New York Fed research director Stephen Cecchetti told MNI.

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(Repeats story first filed on March 14)

The Federal Reserve will likely approve a quarter-point interest rate increase next week as focus shifts from strong economic data to restoring confidence in the banking system, former senior Bank for International Settlements official and ex-New York Fed research director Stephen Cecchetti told MNI.

Keep reading...Show less