The US Federal Reserve should not shy away from raising rates for fear of provoking turbulence in financial markets, a leading policy maker said as he predicted the US would reach full employment as soon as the end of the year and that wage gains were set to accelerate.
John Williams, the president of the Federal Reserve Bank of San Francisco, said the time for the US central bank
to start raising rates was getting “closer and closer” after wages rose faster than expected in January and “really strong” hiring. Some investors might
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