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Summers: 'Green Investments' and Inflation Reduction Act Will Put Upward Pressure on Interest Rates

During an interview aired on Friday’s edition of Bloomberg’s β€œWall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that the β€œhuge set of

Bidenflation: Fed Sees Interest Rates Staying Higher For Longer to Fight Inflation

Fed officials now expect it will take slightly higher interest rates to get inflation down to their two percent target and to keep it there.

Breitbart Business Digest: The Coming Democrat Freak Out Over Fed Policy

When Jerome Powell steps into the congressional coliseum to deliver his semi-annual testimony to the House and Senate, he is very likely to be met with an aggrieved chorus of Democratic lawmakers arguing that monetary loosening is long overdue.

Atlanta Fed's Bostic Warns Rate Cut Could Reignite Inflation

Raphael Bostic warned on Monday that a premature Fed cut could spark an economic boom that would send inflation higher again.
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