Standard Chartered Group CEO Bill Winters stated that sticky inflation and strong economic indicators are likely to keep interest rates high for the long term, adding that he expects the Federal Reserve to raise the benchmark interest rate by another 25 basis points. Winters stated in an interview on Thursday that the impact of monetary policy is spreading throughout the economy, with the real estate and corporate investment sectors feeling the most deeply. He said, "Given the strength of the US economy, it seems that we will indeed maintain high interest rates for a long time," which will lead to a decrease in unnecessary spending. He continued to say that despite government financial constraints, corporate profits remain strong.