White House: Fed interest rates having negative effect on banking

WASHINGTON  -A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at curbing inflation were having a negative impact on the banking sector, and warned Republicans against worsening the situation with their debt ceiling threats. Heather Boushey, a member of the White House Council of Economic Advisers, told Reuters that Republicans … Continue reading White House: Fed interest rates having negative effect on banking