U.S. Fed rate hikes very problematic: Indonesian economist

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U.S. Fed rate hikes very problematic: Indonesian economist

STORY: U.S. Fed rate hikes very problematic: Indonesian economist DATELINE: Oct. 9, 2022 LENGTH: 00:02:19 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of the U.S. Fed 2. various of the U.S. 3. various of Indonesia 4. SOUNDBITE 1 (English): DENDI RAMDANI, Bank Mandiri economist 5. SOUNDBITE 2 (English): DENDI RAMDANI, Bank Mandiri economist STORYLINE: An Indonesian economist has said that the U.S. Federal Reserve (Fed)'s aggressive interest rate hikes are very problematic and will hurt the global economy. SOUNDBITE 1 (English): DENDI RAMDANI, Bank Mandiri economist "The inflation in the U.S. is very high, more than eight percent. The inflation is a mix-up between supply side and demand side problem. I think it's very problematic. The interest rate increase, of course, will reduce economic growth. It will be a very big problem because the interest rate will keep higher and higher, and probably in the long period, so it will be very hurt for the economy, as well as the U.S. economy, as well as th

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