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Why The Federal Reserve's Power Is 'Limitless'

FiveThirtyEight Politics

The Argument for Raising Interest Rates to Keep Inflation Under Control

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What are the arguments today for and against rapidly raising interest rates in order to keep inflation down? This is such an interesting question because it's something that they are just grappling with painfully and in real time. The argument for raising interest rates very quickly is that you want to get inflation under control as quickly as you can. If you don't get it under control in a timely manner, it might just become completely embedded in all of our psychology.

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