Blinder Sees Door Open for September Hike with Dual Mandate Support

Alan Blinder, former Vice Chair of the Federal Reserve from 1996 to 1999, has applauded Kevin Warsh's support for a dual mandate policy.

Blinder sees this as an opportunity for a September rate hike. He believes that with inflation concerns high, the Federal Reserve may decide to raise interest rates sooner rather than later.

The dual mandate refers to the Federal Reserve's dual responsibility of maintaining price stability and maximum employment.