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Moody's Zandi warns higher rates are already hurting economy

Original: Moody's Zandi warns that higher interest rates are already damaging the economy

Mark Zandi, chief economist at Moody's Analytics, warns that elevated interest rates are already inflicting damage on the US economy. His comments add to growing concern among economists that tight monetary policy is weighing on growth, hiring and investment, with attention turning to whether the Federal Reserve will ease policy in coming months.

Why now: Concern is mounting that prolonged high interest rates are slowing economic growth.

Mark ZandiMoody's AnalyticsFederal Reserve

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Evidence

• Moody's Zandi warns that higher interest rates are already damaging the economy · Yahoo Finance

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