Rising Gas Price Concerns, Fed Policymakers Cautious

Bloomberg
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Rising Gas Price Concerns, Fed Policymakers Cautious
Bloomberg
Written by Bloomberg
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Bloomberg News Economics Editor, Michael McKee, joins Bloomberg's David Gura and Christina Ruffini to discuss recent comments from Tom Barker of the Richmond Fed regarding the impact of rising gasoline prices on the US economy. The Federal Reserve is aware that lowering interest rates will not reduce gasoline prices and could instead fuel inflation, so they are monitoring for secondary effects on the broader economy rather than reacting directly to fuel cost changes. Watch on "Bloomberg This Weekend."

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