Federal Reserve Vice President Richard Clarida said today that while the Fed remains “far enough away from considering raising interest rates”, if the current outlook for the economy proves to be right, then “the necessary conditions for raising interest rates will be satisfied by the end of 2022 “.
Inflation has already “far exceeded” a ‘moderate’ 2% medium-term target and I would not consider a repeat [αυτού του φαινομένου] “and next year a success of our policy,” Clarida said.
He estimated that the growth of the economy is expected to lead the unemployment rate to 3.8% by the end of the year. In this context, he said, the economy will be fully in line with the Fed forecasts, which will pave the way for higher interest rates.
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Source From: Capital
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