BlackRock’s Hildebrand Says Fed Implying Higher Neutral Rates
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BlackRock Inc. Vice Chairman Philipp Hildebrand said there’s an implicit recognition of higher neutral rates in US Federal Reserve policy as inflation remains sticky on persistent supply constraints.
The former Swiss National Bank president said inflation is slowing and is likely to touch 2% but the question is about where service inflation settles, he told Francine Lacqua in a Bloomberg Television interview on Thursday.