Xi Jinping Warns U.S. Fed Against Big Rate Hikes

Objectivity 4.3 | Credibility 4.7 | Relevance 4.4

Chinese leader Xi Jinping warned Fed Chair Jerome Powell about the ramifications of interest rate hikes by the U. S. Federal Reserve in 2022. “If major economies slam on the brakes or take a U-turn in their monetary policies, there would be serious negative spillovers,” Xi said. The Fed is expected to be the most aggressive central bank when raising interest rates.