Former fed warn of Recession
May 10, 2022 2:09:21 GMT 10
Post by John Titor on May 10, 2022 2:09:21 GMT 10
(Reuters) - Two ex-Federal Reserve officials, now freed from having to set economic policy and be accountable for it, are warning the U.S. central bank will have to raise interest rates more than expected and the outcome could well be a recession - cautions neither voiced before leaving their posts a few months ago.
The remarks this week from the Fed's two most recent vice chairs - Richard Clarida, who until January served as one of Chair Jerome Powell's top lieutenants for monetary policy formation and Randal Quarles, who oversaw banking regulation to the end of last year - rank among a small chorus of other former U.S. central bankers now offering up critiques of where Fed policy stands and is headed.
news.yahoo.com/former-fed-policymakers-call-sharp-182023856.html
The remarks this week from the Fed's two most recent vice chairs - Richard Clarida, who until January served as one of Chair Jerome Powell's top lieutenants for monetary policy formation and Randal Quarles, who oversaw banking regulation to the end of last year - rank among a small chorus of other former U.S. central bankers now offering up critiques of where Fed policy stands and is headed.
news.yahoo.com/former-fed-policymakers-call-sharp-182023856.html
