Federal Reserve expected to raise interest rates to combat inflation

BROOKINGS, S.D.(WNAX)- It appears that interest rates will continue to be raised this year and stay high for some time.

South Dakota State University Economics Professor Dr Joe Santos says its all an effort to head off inflation and a deep recession.

Santos says the Federal Reserve has to walk a fine line on interest rates.

Santos says South Dakota’s economy may not necessarily follow national trends.

Santos spoke at the annual meeting of Yankton Thrive Monday.