Don't hike rates too early, Fed's Duke warns
Elizabeth Duke, a governor of the Federal Reserve, has noted that previous downturns have been deepened or prolonged by the premature withdrawal of monetary or fiscal stimulus.
Duke said that given the severity of the current downturn, a significantly weaker path of lending and economic activity could very likely occur if policy support for the financial sector was withdrawn too quickly. She also said that stigmatisation of support tools such as liquidity programs, direct lending programs, or
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