Interest Rates Should Be Lowered, Not Raised, to Tame Inflation, Claims BlackRock’s Rick Rieder
New York, New York – BlackRock Inc.’s Rick Rieder, the chief investment officer of global fixed income, believes that the key to curbing inflation might actually lie in lowering interest rates, rather than keeping them high. Rieder’s unconventional advice challenges the traditional notion that raising rates is the best approach to combating inflation. He argues that reducing rates could be more effective in this economic climate, especially considering the significant returns that affluent Americans are …