Business & Finance
02 May 2023, 4:18 pm 1 minute
In an exclusive conversation with Reuters, Heather Boushey, a member of the White House Council of Economic Advisers, said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector and warned Republicans against worsening the situation with their debt ceiling threats.
Boushey’s comments come as Fed governors are gathered for a two-day policy meeting that analysts expect to result in a 25-basis-point increase in the federal funds rate on Wednesday.
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & Finance
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story