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Bloomberg

Fed Should've Raised Rates Amid 'Hot' Inflation, Economist Swonk Says

Wednesday, July 29, 2026


Diane Swonk, chief economist at KPMG, said she expects the Federal Reserve to raise interest rates in September following the Fed's decision to leave rates unchanged at its most recent Federal Open Market Committee meeting.

Original reporting: https://www.bloomberg.com/news/videos/2026-07-29/fed-should-ve-raised-rates-amid-hot-inflation-economist-swonk-says

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