Fed Will Raise Rates to 5.5% and Hold, Kroszner Says

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Former Federal Reserve Governor Randall Kroszner says the Fed is very concerned about the labor market during an interview with Alix Steel and Dani Burger on "Bloomberg Markets."

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Lets get back to 22+%. Go full Volcker!

CCRob
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Agreed, 6%, need to crush wage growth leverage so employers can reign in workers again. You can't run a business when workers have wage leverage.

dj
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This isn't decade of growth. It's a decade of higher interest rates and inflation to ease debt burden and to setup future decades of falling inflation. 50 year fed credit cycle.

johndingle
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And who will pay the $1.5 trillion a year just to service the national debt?

florinaplaveti