The Fed Plans for Higher Rates

Jon Weatherly

Jon Weatherly April 25th, 2022

The Federal Reserve, in recent years, has been committed to being open about its policy on interest rates. And that commitment was on full display in recent weeks.

In an early April speech, Fed Governor Lael Brainard said the central bank needs to act “quickly and aggressively” to drive down inflation. She indicated that upcoming interest rate increases could be higher than the Fed’s traditional 0.25 percentage point bump.

On the same day, San Francisco Fed President Mary Daly expressed her concern about inflation and suggested that higher prices are “as harmful as not having a job.”

In a speech to the Delaware Chamber of Commerce the following day, Philadelphia Fed President Patrick Harker said higher interest rates are needed to help manage rising prices.

There’s an old saying, “one’s a dot, two’s a line, three’s a trend.” Based on these most recent comments, it’s pretty clear there’s a trend among Fed officials.

Our team watches what Fed officials are saying and keeps an eye on how the markets interpret the news. If we see the need for a portfolio change, we’ll explain why we are charting a new course.

Read More By Jon Weatherly

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. Investment advisory services are offered through Concord Wealth Partners, an SEC Registered Investment Advisor.

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