Fed Needs to Hike at Least 200 Basis Points: Blinder
Former Federal Reserve Vice Chairman Alan Blinder, a Princeton University professor of economics, sees the "severe" supply shocks as stagflationary and says the Fed needs to raise its benchmark policy rate by "a minimum" of 200 basis points over time to counter inflation. He speaks with David Westin on "Balance of Power."
Former Federal Reserve Vice Chairman Alan Blinder, a Princeton University professor of economics, sees the "severe" supply shocks as stagflationary and says the Fed needs to raise its benchmark policy rate by "a minimum" of 200 basis points over time to counter inflation. He speaks with David Westin on "Balance of Power."