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Fed won’t push interest rates too high, award-winning forecaster says

MarketWatch
Fed won’t push interest rates too high, award-winning forecaster says

Inflation is not getting out of control, which means the Federal Reserve won’t need to push interest rates so high that it will crash the economy, says Michelle Girard, chief U.S. economist for NatWest Markets and the captain of the winning team in the Forecaster of the Month contest for May. “I’m the biggest hawk out there,” Girard said in an interview. (An inflation hawk is someone who favors aggressive and tight monetary policy to keep inflation at safe levels.) “I just don’t see an inflation risk,” Girard said. “Inflation will remain relatively benign.” After years of forecasting more interest-rate hikes than the consensus expected, “I have flipped. I have less Fed tightening than the Fed