In 15 Words, Fed Governor Christopher Waller Just Issued a Warning to Wall Street
The Fed seems to be deciding that rate hikes are necessary after all.
Overview
Nobody likes interest rate hikes. Wall Street doesn't like them. Businesses don't like them. President Donald Trump definitely doesn't like them, in part because of their negative impact on the S&P 500.
But sometimes they're necessary. And in just 15 words this past week, Federal Reserve Governor Christopher Waller gave Wall Street a stark warning that now may be one of those times.
Details
Here's what he said and what it means for investors.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.