White House: Fed interest rates having negative effect on banking

by DailyBriefers
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Business & Finance

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. 

Market Impact

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.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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