Some 73 percent of panelists indicate they are "not very confident" or "not at all confident" that the Fed will be able to bring inflation down to its 2 percent goal within the next two years without triggering a recession, according to the lastest NABE Economic Policy Survey.
In March, a record 77 percent of the panel viewed monetary policy as too stimulative. Since then, the Federal Open Market Committee, the Fed's policy-setting body, has approved four consecutive rate hikes, lifting benchmark interest rate by 225 basis points to a target range of 2.25 percent to 2.50 percent.
Latest comments