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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Fed president Fisher: Very worried about the deficit and interest burden under each candidateRichard Fisher, former Dallas Federal Reserve president breaks down the mindset of inflation and the deficit.
Persons: Fisher, Richard Fisher Organizations: Former, Dallas Federal Reserve
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Persons: Larry Adam, Raymond James, Robert Kaplan, Steven Wieting, Wieting, there's, Mike Bailey, — Bailey, Bailey, They're, Berkshire Hathaway, Eli Lilly, they're, Jack Ablin, Ablin, Rowe Price Organizations: Nasdaq, Dow Jones Industrial, CNBC Pro's, Survey, National Association for Business Economics, Dallas Federal, CNBC, Bank of America, Fed, CNBC Pro, Citi Global Wealth, Nvidia, Meta, Microsoft, P Semiconductor, P Health Care, FBB Capital Partners, Corporate, Aggregate Bond, Berkshire, Essex Property Trust, Federal Realty Trust, Rowe Price Group Locations: Essex
The US is borrowing too much money and that's what is keeping rates up, the ex-Dallas Fed Chair says. AdvertisementAdvertisementThe higher for longer outlook for interest rates sparked a historic crash in Treasury bonds this month, but there's another factor that's set to keep yields higher going forward, and that's US fiscal policy. According to former Dallas Federal Reserve President Richard Fisher, massive government borrowing needed to fund massive spending will be a culprit of higher bond yields. "I believe what's driving rates higher and what will keep them higher for longer is our fiscal policy," Fisher told CNBC on Tuesday. Compounding the issue of soaring debt is rising interest rates, as borrowing costs rocket higher amid the Federal Reserve's fight against inflation.
Persons: Fisher, , Richard Fisher, Rowe Price's Organizations: Dallas Fed, Service, Dallas Federal, CNBC, Treasury Locations: Europe
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed looks unlikely to cut rates even into 2024, says former Dallas Fed President Richard FisherRichard Fisher, Former Dallas Federal Reserve president, joins 'Closing Bell' to discuss what the central bank's next moves might look like.
Persons: Richard Fisher Richard Fisher Organizations: Dallas Fed, Former Dallas Federal Reserve
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