UPS CEO: US economy could handle higher interest rates

cheryl

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UPS CEO: US economy could handle higher interest rates - Yahoo Finance

UPS CEO Carol Tome thinks the U.S. economy is on firm enough footing to withstand a few interest rate hikes this year from the Federal Reserve.

"The projected growth of GDP is still very high as we look at 2022, north of 4%. That is still pretty growthy in the history of the United States. Taking interest rate moves to put a cap on inflation rates that are facing the country seems like it's a wise thing. It shouldn't tip the growth rate negative," Tome said in an exclusive interview with Yahoo Finance Live.

Tome knows a few things or two about Fed policy.

She led home improvement retailer Home Depot successfully through the Great Recession as CFO. Tome also was the chair of the board of the Federal Reserve Bank of Atlanta for several years.
 
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