
Hester Peirce
Hester Peirce is the Commissioner of the US Securities and Exchange Commission.
Hester Peirce is the Commissioner of the US Securities and Exchange Commission.
Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.