As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserve’s plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs to use caution.
[The Fed] needs to be cautious as we move forward. We do need to get away from zero, I think zero is lower than we should be right now. But at the same time, we need to just pay attention.
Actually POTUS, it was because YOUR Federal reserve printed too much money during Covid. Don’t make Putin a scapegoat for your mismanagement of the economy.
What do you think about Atlanta Fed president Raphael Bostic saying the Fed should be cautious when it comes to interest rate hikes? What do you think about Biden blaming the U.S. economy’s flaws on Covid-19 and Putin? Let us know what you think about this subject in the comments section below.