Thru the Cycle President John Lonski revealed what is needed to 'contain inflation,' noting that he believes growth and spending is going to 'slow down.'
by the Federal Reserve. It was the second of several anticipated increases this year as the central bank seeks to combat soaring inflation, which is at a high not seen in four decades.remains near 40-year highs
Lonski spoke with Varney a few hours before the Federal Reserve is due to give insight into its decision-making by releasing minutes of its latest policy meeting.He also noted on Wednesday that he believes spending on consumer services has been keeping the economy "alive," but warned that "there’s no guarantee that that’s going to continue indefinitely."
Thru the Cycle President John Lonski weighs in on soaring inflation and reveals if it has hit a peak.
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