Fed Is Giving Americans a Lesson in Lag Tim
Bloomberg Businessweek
00:00
Is the Fed Doing the Right Thing?
Allison Schrager: I think the problem the Fed has is it's a little late. If they were more ahead of the curve on inflation, they might have had a bit more credibility. She says you want sort of the real interest rate to at least be at inflation. But in that case, the cure might be worse than the disease.
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