Fed hikes haven’t slowed the economy—yet
Catherine Rampell says that if we achieve the coveted economic soft landing, it won't be because of anything radical we did: It will be because of boring, standard economic textbook fixes for inflation: i.e., supply shocks subsiding, fiscal support fading and, most controversially, interest rates rising. The Federal Reserve’s 10 rate hikes since March 2022 ...continue reading "Fed hikes haven’t slowed the economy—yet"
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