Federal Reserve Moving in Hawkish Direction, Former Vice Chair Blinder Says

Bloomberg Markets and Finance published this video item, entitled “Federal Reserve Moving in Hawkish Direction, Former Vice Chair Blinder Says” – below is their description.

Former Federal Reserve Vice Chair Alan Blinder, who is now professor of economics at Princeton University, discusses the central bank’s policy and the outlook for the U.S. economy. Chair Jerome Powell said the Fed was ready to raise interest rates in March and didn’t rule out moving at every meeting to tackle the highest inflation in a generation. Blinder speaks with Kathleen Hays, Shery Ahn and Paul Allen on “Bloomberg Daybreak: Australia.”

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In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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