Fed Governor Hints At Rate Hikes, And The Dollar Surges To Where It Was This Morning

In an interview, Minneapolis Fed Governor Kocherlakota hinted that as the Fed could hike rates by as much as 75 bps by the end of the year if inflation gets out of hand.

That caused the dollar to surge… to where it was earlier this morning.


NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.