Economics
Fed Shouldn’t Kid Itself on Rate Risk, Says $200 Billion Manager
- Reaction is going to be negative, OppenheimerFunds CIO says
- Memani sees Federal Reserve lifting rates in July or September
OppenheimerFunds' Memani: Fed Has Better Footing
This article is for subscribers only.
Federal Reserve policy makers must appreciate the danger that higher interest rates could hurt the U.S. economy by strengthening the dollar and pressuring global growth, said Krishna Memani, chief investment officer of OppenheimerFunds Inc.
“That reaction is going to be negative,” he said Monday in a Bloomberg Television interview. “The Fed can’t kid itself on that.”