Harvard economist Jason Furman says the Fed shouldn’t flinch in its inflation fight—unless the ‘turmoil spreads within the financial system’

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Even after rising interest rates helped topple three U.S. banks this month, Harvard economist Jason Furman believes the Federal Reserve should keep its foot on the gas with rate hikes in order to tame inflation.

“There’s the macro economy, and there’s the financial system. We haven’t learned anything new about the macro economy that’s particularly reassuring in the last three and a half weeks,” he told CNBC Friday, noting inflation is still running well above the Fed’s 2% target.