This website’s original language is English. For translation, click the globe icon or choose Translate in the menu.
3 matching records found
The Dominican Republic central bank lifted its policy rate to 5.50% from 5.25% on 30 September, its first rise since 2022, citing oil and supply shocks. The post Dominican Republic Central Bank Raises Policy Rate to 5.50% From 5.25% appeared first on The Rio Times.
Federal Reserve Bank of Cleveland President Beth Hammack said there is the risk that an inflationary mindset takes hold as the US economy faces a series of supply shocks. Hammack warned that “when the environment is more prone to shocks, or the shocks arrive one after another in a period when inflation has been elevated for years, there’s a greater risk that an inflationary mindset could take hold.” She spoke Thursday at a conference hosted by the Cleveland Fed. (Source: Bloomberg)
Federal Reserve Bank of Chicago President Austan Goolsbee warns that the central bank cannot ignore repeated and persistent supply shocks and must respond in a way that may cause economic hardship. Goolsbee calls it “exactly the kind of painful trade-off between employment and inflation that stagflationary shocks always impose on the central bank.” He spoke Monday in London. (Source: Bloomberg)