Pitchfork Economics with Nick Hanauer cover image

The real reasons why inflation soared last year (with Ira Regmi)

Pitchfork Economics with Nick Hanauer

00:00

Are the Fed's Channels Not as Strong as They Used to Be?

The Fed keeps raising interest rates and employment continues to be strong. We're not seeing unemployment rise. Is it possible that the Fed has very little impact on on the economy right now? The channels that the Fed assumes interest rates work through aren't exactly working the same way as they were in the past.

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