Federal Reserve chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington on July 15. Photo: Reuters
Federal Reserve chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington on July 15. Photo: Reuters
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Federal Reserve hawks will push for faster tapering, interest rate rises despite Omicron

  • Amid a warming US economy and growing inflation, Fed hawks will push for rate rises to start as soon as mid-2022 at the next key meeting. But how much the Fed allows tapering to quicken will depend on Omicron risks

Federal Reserve chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington on July 15. Photo: Reuters
Federal Reserve chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on Capitol Hill in Washington on July 15. Photo: Reuters
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