4min chapter

The Reason Roundtable cover image

The Fed Won't Save Us From the Inflation Iceberg

The Reason Roundtable

CHAPTER

The Federal Reserve's Interest Rate Hikes Have Worked or Helped in Achieving the Goal of Reducing Inflation

The Fed hiked interest rates, they said, we're going to do this until inflation slows down. A year or so later, inflation has not dropped down to its 2% target,. But it has cooled considerably and we are not in a recession. What you need is a predictable set of governing policies, including fiscal policy.

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