Raise rate to correct real estate at least 30% and correct inflation.
flowerlee
Fed has no choice but to raise rates until the majority of the American people and Politicians learn how to control reckless spending. It's a shame that the people who have common sense with money are having a rough time because of all the careless fools out there causing prices to skyrocket.😢
briankent
Republic first bank didn't like rate hikes.
rickhayes-ohzm
Roger Ferguson is saying it is better to have a global recession then to risk the FOMC's credibility"?
This is precisely why I believe the FOMC needs to be accountable to the electorate.
harrychu
Raise rates. Its the only way. Unfortunately its election year so…
Optimus-Prime-Rib
Stop giving our money and land away constantly stop sending our money overseas
Chasingvugs
Huge unemployment is good news and people get poor is good news. Never think in my life I hear something so positive on a negative issue. Guest the country is more important than the people making up the country.
tpol
It isn't going down to 2% if he doesn't raise rates.
rickhayes-ohzm
Common Roger! Sideways? It’s going up. The Fed rate isn’t high enough. Tough medicine. Roger I have to say is the most common sense guy on CNBC as “experts”. But he slipped a little here!
headspaceandtiming
Government's job is to print money (for EVs, wars, etc).
FED jobs is to make sure the resulting inflation is limited to a rate of "2%" per year.
Basically they want to boil the frog slowly to avoid mass panic.
They're doing good job, $34, 000, 000, 000, 000 in debt and rising.
jaym
1970’s here we come!!! Thanks Joe and the rest of those worthless politicians.
bps
Leaving the fiat system for Bitcoin is akin to leaving an abusive relationship; once you're out, you have no desire to return.
Jackson-lr
I thought "greed" was causing rising prices. Isn't that what Biden says?
craigthompson
Inflation is not "going sideways." There is now a trend that says it is going up. This is no longer in doubt. JP should be more hawkish on Wednesday, because inflation is above target and headed up.
KungPowEnterFist
Why isn''t 0 % better then 2%
Dan-zbd
Read "1, 000% Returns: Taking Advantage of the Stock Market's Gross Incompetence." And "Generational Wealth: Beginner's Business & Investing Guide."
lafoythomas
I don't see why they can't lower rates now. Give people at the bottom a little bit of a break. Credit card rates are at all time highs, financing anything is much more expensive. A washing machine, a car. Equipment for a small business. This is the engine of the country. And they are the ones that get punished for congress spending too much. So raising rates again, is just plain mean at this point.
pjeverly
What is 2% compounded over 10 years? Is this 'target' geared for savings and pensions or to generate growth for investors? Is there a question of wealth redistribution but one of selective distribution?
