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Good morning. Federal Reserve officials gird for further tightening, Netflix’s CEO steps aside and real estate’s $175 billion headache. Here’s what people are talking about.
Two top Federal Reserve officials said high interest rates were needed to keep pressuring inflation that’s showing signs of slowing, but is still too rapid. “Even with the recent moderation, inflation remains high, and policy will need to be sufficiently restrictive for some time to make sure inflation returns to 2% on a sustained basis,” Vice Chair Lael Brainard said Thursday at an event hosted by the University of Chicago Booth School of Business.
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