Learn How The High levels of Monetary & Fiscal Stimulus Provided due to Pandemic has led The Central Bank to Raise Interest Rates at a Fast Pace Now to combat Rising Prices, further Dampening the Economic Growth
In recent months, the Federal Reserve made avoidable mistakes that fuelled inflation. That’s the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for an end to the extraordinary levels of monetary and fiscal stimulus provided in the depths of the pandemic. The central bank must now raise interest rates at a fast pace to combat rising prices, potentially dampening economic growth in the U.S. The Federal Reserve was contacted for comment but is in a media blackout before the expected rate announcement later today.
CNBC
