Fed policy can be distorted by a lead-lag effect, says fmr. NEC Director Gary Cohn

Fed policy can be distorted by a lead-lag effect, says fmr. NEC Director Gary Cohn

There are hopes the US economy can weather the economic storm of ever-rising interest rates. But as the Fed signals it will do whatever it takes to fight inflation, ING's James Knightley says we have to be prepared for the economic pain it could bring The Federal Reserve again hiked interest rates this week by 75 basis points, meeting expectations and leaving the door wide open for a similar move in November. As the US central bank continues to signal …