Fed May Need to Raise Rates to 6%, Monetary Economist Taylor Says

(Bloomberg) -- The Federal Reserve needs to raise interest rates significantly higher, to perhaps 6%, to reduce inflation, influential monetary economist John Taylor said on Friday.Most Read from BloombergMusk Warns Twitter Bankruptcy Possible as Senior Executives ExitBankman-Fried’s Assets Plummet From $16 Billion to Zero in DaysMusk’s First Email to Twitter Staff Ends Remote WorkBankman-Fried Resigns From FTX, Puts Empire in BankruptcyChina Eases Quarantine, Ends Flight Bans in Covid Zero Shif
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