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Economy — Inflation — Monetary Policy — Economics — Banking — Interest Rates

Alan Blinder Says He’s Betting Against Fed Raising Rates to 6%

Former Fed vice chair Alan Blinder says he's betting against the Fed raising rates to 6%. He suggests a 3% inflation target is better than 2%. Fiscal policy is unlikely to be used to fight inflation.

1 min read
  • Alan Blinder says he's betting against the Fed raising rates to 6%.
  • Fed is unlikely to raise its benchmark interest rate to 6%.
  • Fed has no plans to change its 2% inflation target.
  • Economist Alan Blinder suggests a 3% inflation target is better than 2%.
  • Fiscal policy is unlikely to be used to fight inflation.
Alan Blinder Says He’s Betting Against Fed Raising Rates to 6%
Alan Blinder was one of the most-prominent voices this year to express optimism the Federal Reserve could engineer a soft landing by taming inflation without triggering a recession.
BloombergVildana Hajric

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