Fed may have to speed up rate rises, Australian governor warns

philip-lowe

The Federal Reserve may have to raise interest rates quicker than expected to deal with the recent budget deal, Australia’s central bank governor said.

“The US economy is experiencing a sizeable fiscal stimulus at a time of limited spare capacity,” Philip Lowe told Australian lawmakers on August 17. The Reserve Bank of Australia governor said this could result in a “larger-than-expected pick-up in inflation in the United States”.

The Congressional Budget Office estimates that the budget agreed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: