Renowned Economist Predicts Federal Reserve To Skip June Rate Hike

In the wake of the successful passing of the Debt-limit bill by the U.S. House of Representatives and subsequent approval from the Senate, all eyes are now on the Federal Reserve as it approaches its next interest rate hike decision scheduled for June. Prominent economist and director of the Hutchins Center on Fiscal & Monetary Policy, David Wessel, shared his perspective on monetary policy and the anticipated rate hike proposal in a recent televised interview on Friday.