"The Federal Reserve will be driven by whatever their numbers tell them. "After many years of no inflation we clearly see price increases," the Wall Street CEO said. If that is the case, the Federal Reserve will have to raise interest rates at some point," he said. Morgan Stanley's CEO and economists have divided before only for Gorman to be proved right. In early 2015, he said he would "put good money" on the Fed lifting rates that year.

Source: The Edge Markets May 25, 2021 12:45 UTC