Appearing Thursday on CNBC, former Federal Reserve governor Robert Heller warned that inflation will continue to rise in the United States.
Robert Heller, former Federal Reserve governor says inflation is going to continue to rise, and the Fed is still well behind the curve as markets rally after the latest Fed hike. pic.twitter.com/Z7hdzj4Aov
— CNBC International (@CNBCi) June 16, 2022
A transcript is as follows:
CNBC HOST: In your view sir, do you think this 75 basis point hike is going to go far enough?
ROBERT HELLER: Absolutely not. Inflation will continue to rise and the Fed is way behind the curve. If you look at the current Fed funds rate in real terms, it’s still stimulative. It has a negative real rate, so we are