Posted by on January 14, 2022 9:09 am
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Categories: Breaking News Epoch Times News

US Central Bankers Set Sights on March Rate Hike

With inflation running at its highest in nearly 40 years, U.S. central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on. On Wednesday, San Francisco Federal Reserve Bank President Mary Daly became the latest U.S. central banker to set her sights on a rate hike in the next couple of months. “It’s really time for the U.S. central bank to start removing some of the accommodation we’ve been giving to the economy,” she said in an interview on the PBS NewsHour. “I definitely see rate increases coming, as early as March even.” Coming from Daly—who as recently as November was calling for policy patience in the face of rising prices—the remarks are a clear signal that Fed policymakers are getting ready to put an end to the pandemic era of …

Originally appeared on The Epoch Times

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