American economist: American inflation is at an unacceptable high level, low -income families face more pain

Overseas Network, September 10th. According to the Australian Broadcasting Corporation reported on the 10th, the president of the Cleveland Federal Reserve Bank and senior economist Loritita Mest recently said in an interview with the media reporter in the United States that the United States is still in Under the influence of the inflation crisis, this crisis has no sign of slowing down.

"I didn't see enough evidence that inflation has been at the top. I am still very worried about inflation, and it is now at an unacceptable high level." Mest said. The price level of the United States this year has reached the highest point in decades. Although the consumer price index has decreased compared to June, some economists, including Mest, are still cautious about it. She believes that in winter, the consumer price index may rise.

Mest said that in the foreseeable future, American families, especially low -income families, are still facing more pain. She also revealed that the Federal Reserve may continue to raise interest rates without suppressing inflation. "My current point is that it is necessary to increase the federal fund interest rate to more than 4%before the beginning of next year, and then maintain this level throughout the year."

In order to fight against continuous high inflation, the Fed has raised interest rates four times this year, of which 75 basis points were raised twice in a row, which was the largest concentrated interest rate hike since the early 1980s. Bloomberg reported on the 10th that the Fed's radical interest rate hike strategy led to a plunge in the second quarter of the US stock market, and US households' net assets set the biggest decline since the record. (Overseas Network Yao Kaihong)

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