Robin Vince, CEO of BNY Mellon - which manages $2.2 Trillion has issued a major warning
Increasing "Political Pressure" on the Federal Reserve could push interest rates higher instead of bringing them down.
Rate Hikes? He stated that if inflation spirals out of control, the possibility of "Rate Hikes" cannot be entirely ruled out.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 BNY MELLON WARNING: RATES COULD GO HIGHER!
Robin Vince, CEO of BNY Mellon - which manages $2.2 Trillion has issued a major warning
Increasing "Political Pressure" on the Federal Reserve could push interest rates higher instead of bringing them down.
Rate Hikes? He stated that if inflation spirals out of control, the possibility of "Rate Hikes" cannot be entirely ruled out.