U.S. inflation unmanageable despite Fed's rate hikes, says Turkish economist

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U.S. inflation unmanageable despite Fed's rate hikes, says Turkish economist

STORY: U.S. inflation unmanageable despite Fed's rate hikes, says Turkish economist DATELINE: Sept. 24, 2022 LENGTH: 00:01:37 LOCATION: ISTANBUL, Türkiye CATEGORY: POLITICS SHOTLIST: various of U.S. dollar banknotesSOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturkvarious of U.S. Federal ReserveSOUNDBITE 2 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk STORYLINE: A Turkish economist has said the U.S. Federal Reserve's (Fed) latest interest rate hike would not help relieve the country's rising inflation as it has gone off the road under current circumstances. Murat Tufan, an analyst with Turkish broadcaster Ekoturk, points out that the U.S. authorities had failed to deliver an inflation warning to the market previously. SOUNDBITE 1 (Turkish): MURAT TUFAN, Analyst with Turkish broadcaster Ekoturk "If (U.S. President) Joe Biden had boldly wanted to control inflation, he would have increased the rates long ago with 50 to 75 basis points. He would not have given an

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