Fed Should Hike Interest Rates Immediately to Cut Stagflation Risks, Economist Stephen Roach Suggests - NewsBreak

Former Federal Reserve economist Stephen Roach sees only one way to contain inflation: Immediate rate hikes. If the Fed doesn't act, he warns rising prices could send shockwaves through the economy. "They're in denial. They continue to harbor the view that these are transitory Covid-related rebound effects," the Yale...