Fed Harmack: Reconfirm the need to raise interest rates now

On 13 August, the United States Federal Reserve, Hamark, reiterated that the time had come to raise interest rates. Inflation had risen as a result of recent shocks, and excessive growth could put additional pressure on prices. It is important that the Fed be responsible for an inflation figure. Whether the Fed needs to raise interest rates to restore the 2 per cent inflation target or whether inflation is on a down path remains an open question。