Goldman Sachs chief economist Jan Hatzius has become distinctly less confident in his expectation that the Federal Reserve will raise interest rates twice more this year and make a major announcement about reducing its bond holdings.
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Goldman Sachs’ top economist is losing confidence in the Fed’s ability to raise interest rates
Low US inflation means the Federal Reserve may not need to raise interest rates as much as previously thought.
Hatzius' skepticism is due to US inflation, which has been undershooting the Fed’s 2% official target for most of this economic recovery, and continues to lag despite constant warnings to the contrary.
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