Citigroup CEO Says Rate Hike Will Moderate US and Global Growth

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Raising interest rates to curb inflation is likely to dampen economic growth in the United States and the rest of the world, Citigroup (NYSE: ) Chief Executive Officer Jane Fraser.

“We are very concerned about the high prices that consumers are facing in the United States and indeed around the world,” Fraser said in response to a question during the House Financial Services Committee hearing.

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