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Watch: Federal Reserve Rates Seen at 4.5%-5% Range in Much of 2023: Kroszner (youtube.com)
Randy Kroszner, a former Federal Reserve governor and now a professor of economics at the University of Chicago Booth School of Business, discusses the central bank's policy. Fed officials raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected. Kroszner speaks with Kathleen Hays, Shery Ahn and Haidi Stroud-Watts on "Bloomberg Daybreak: Australia."