Fed President: Central Bank ‘Should be Patient’ with Interest Rates
December 24, 2018 at 12:18 PM EST
Last week, the Federal Reserve didn’t pull any rabbit punches on the capital markets by raising interest rates another 25 basis points to a range of 2.25 to 2.50. In order to mitigate the risk of a recession, Minneapolis Fed President Neel Kashkari said the central bank needs to exercise...