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The Fed Needs To Keep Raising Interest Rates To Prevent The Economy From Overheating.

Reuters reported on Tuesday, the fed quasi-three, San Francisco fed chairman John Williams in Madrid for the bank of Spain international conference speech, said he expects U.S. inflation will rise to the fed's target of 2% this year, and in "the next two years or more than the target.William argues that the fed needs to keep raising interest rates to keep the economy from overheating.

"I expect interest rates to increase gradually and gently, like a Boeing 747 landing, and people don't realize they can turn on their phones," he said.

At its march meeting, the FOMC announced a quarter-point rise to 1.5-1.75%.The minutes of the fed's march meeting, released last week, also show that all members expect faster GDP growth, higher inflation and higher rates of interest rates in the future.


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