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Weatherhead’s Jonathan Ernest discussed Federal Reserve and interest rate hike

Why the Fed will likely raise rates two days after First Republic failed
CNNJonathan Ernest, associate professor of economics at Weatherhead School of Management, discussed the likelihood of an interest rate hike by the Federal Reserve right after another bank failure. If the Fed didn’t follow through with the rate hike, it would startle markets and “lead more people to believe rates would go up in future periods,” said Ernest.