Central Banks
Bernanke Says Next Fed Interest Rate Hike May Be Its Last
- Former Fed Chair sees inflation falling into next year
- Bernanke says a slowdown is likely, but recession will be mild
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The Federal Reserve’s widely expected increase in interest rates next week may prove to be the last in its current credit-tightening campaign, former Chair Ben Bernanke said.
“It looks very clear that the Fed will raise another 25 basis points at its next meeting,” he said Thursday on a webinar organized by Fidelity Investments. “It’s possible this increase in July might be the last one.”