(Reuters) - Asked during an interview on CNBC.com whether the current
level of the overnight fed funds rate, at 5.25 percent, would
lead to lower inflation in the future, he voiced doubts.
"The current funds rate now has us on track for that," he
said. "What it needs to do later this year is a tougher
question. So, if you ask me if holding this funds rate constant
for the next two years going to get us there, my guess is
not," he said.
Read more at Reuters.com Bonds News
level of the overnight fed funds rate, at 5.25 percent, would
lead to lower inflation in the future, he voiced doubts.
"The current funds rate now has us on track for that," he
said. "What it needs to do later this year is a tougher
question. So, if you ask me if holding this funds rate constant
for the next two years going to get us there, my guess is
not," he said.
Read more at Reuters.com Bonds News
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