The Fed: Fed’s Williams says interest rates ‘at, or near peak.’ But they won’t be coming down soon
Published
The chief of the New York Federal Reserve said that a key U.S. interest rate is “at, or near, the peak level,” but borrowing costs will also have to remain high for “some time” to make sure inflation is quashed. “Although inflation has come down from the peak reached last year, it is still too…
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