Fed risks running behind the curve on interest rates, says former New Zealand central bank governor

Fed risks running behind the curve on interest rates, says former New Zealand central bank governor

Fed risks running behind the curve on interest rates, says former New Zealand central bank governor - The U.S. Federal Reserve runs the risk of running behind the curve on interest rates, Donald Brash, a former governor of the Reserve Bank of New Zealand, told CNBC on Friday. - Brash, who was governor of New Zealand's central bank between 1988 and 2002, said the Fed is not only holding off on hiking rates, they are also still pumping money into the economy and that looks set to continue well into next year. - Following their early November meeting, Fed officials said the U.S. central bank would begin to slow its bond purchases at a pace of $15 billion a month, effectively ending the bond-buying program in the middle of 2022. …
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