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Fed may need to hike interest rates above 6% to crush inflation, Larry Summers says

Por: Fox Business Business November 09, 2022

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Former Federal Reserve Vice Chair Randall Quarles discusses the Fed's monetary policy and handling of inflation as recession fears linger. Stubbornly high inflation could force the to aggressively raise interest rates above 6%, the highest in more than two decades, according to former Treasury Secretary Larry Summers.  The U.S. central bank has embarked on one of the fastest courses in history to raise borrowing costs and . Policymakers... + full article



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