Fed May Not Be 'One and Done,' Richard Clarida Says
Former Federal Reserve Vice Chairman Richard Clarida suggests that the central bank’s recent interest rate hike may signal the start of a tightening cycle rather than a single adjustment. Clarida noted that the Fed shifted from its previous stance to reach a unanimous decision to raise rates as part of its ongoing policy evaluation. This change indicates a potential move toward sustained increases rather than a "one and done" approach.
Former Federal Reserve Vice Chairman Richard Clarida discusses why the Fed shifted from its July stance to a unanimous decision to raise interest rates and potentially start a hiking cycle rather than a one-off move. He speaks on "Bloomberg Surveillance: The Fed Decides." (Source: Bloomberg)
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