The Fed is embarrassed about its inflation mistake and will likely go too far in raising interest rates, former Fed president says

Jan 10 2023 by Business Insider

 
In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. The Federal Reserve releases minutes from the March meeting of its policymakers on Wednesday, April 11.

Carolyn Kaster/AP

The Fed blew it on inflation and it will likely hike interest rates too far, according to former Fed President Richard Fisher. Central bankers have signaled they will raise rates past 5%, with a possible 25- to 50-basis-point...
Continue Reading The Fed is embarrassed about its inflation mistake and will likely go too far in raising interest rates, former Fed president says