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Federal Reserve Chair Powell Speaks At The Brookings Institution
Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market.

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  • The Fed has a strong case to lower interest rates, according to BlackRock's Rick Rieder.
  • The bond chief said high rates may stoke inflation, as the economy has shifted to being a net creditor.
  • "I would lay out an argument that actually, if you cut interest rates, you bring down inflation," Rieder said. 

It might sound counterintuitive, but the Federal Reserve should cut rates to tackle inflation. 

In an interview with Bloomberg TV, BlackRock's bond chief Rick Rieder argued that the Fed needs to loosen monetary policy before inflation falls. 

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economy, Markets, fed-rate-cuts, fed-rate-cuts-outlook, fed-rate-cuts-2024, Inflation, us-inflation-outlook, middle-income, high-income
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Why the Fed may want to cut rates to tame inflation, according to BlackRock's b…