Jay Clayton Discusses Rising Interests Rates on CNBC’s ‘Squawk Box'June 22, 2022
Jay Clayton appeared on CNBC's “Squawk Box” to discuss the role of domestic and global financial regulators going forward following the Federal Reserve's decision to raise interest rates by 75 basis points. He noted that macroeconomic conditions remain challenging and, to date, the market sell-off has been orderly. He also emphasized that, while taming inflation is the Fed's focus, risks remain in energy, agriculture and the supply chain industries that other regulators must consider. He also commented that the rising costs of energy and food along with higher interests rates are likely to have a negative effect on consumers and businesses over time and that government officials need to monitor financial stability. Given the ongoing geopolitical instability, Jay also noted the importance of global leadership and coordination in global markets.
Click here to watch the full conversation.