Stevenson looks ahead at interest rates and inflation

December 28, 2022 CNBC

Betsey Stevenson, CNBC: "I think it’s important to realize that the Fed sees themselves as having two tools right now to bring inflation down. One is bringing rates high, and then the other is keeping them high for longer. And I think one thing we’re going to see for sure, is for a while markets had priced in that we might see some cuts in rates in 2023—I don’t see any cuts in rates in 2023. I personally think they need to be careful to not bring them too high. Slow and steady is the rate process right now because we are seeing inflation coming down and we do want to try to avoid that recession."