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The Fed Wants to Raise Rates Quickly, But May Not Know Where to Stop
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Federal Reserve Chairman Jerome Powell is shifting monetary tightening into a higher gear. His goal sounds straightforward—lift interest rates to “neutral,” a setting that neither spurs nor slows growth.
But there’s a catch: Even in normal times, no one knows where this theoretical level is. And these aren’t normal times. There are good reasons to think the ground beneath the central bank’s feet is shifting and that, after accounting for elevated inflation, neutral may be higher than officials’ recent estimates.
Read more on wsj.comAbout this in other media
Crypto market tanks a day after US Federal Reserve raised interest rates economictimes.indiatimes.com /2 years ago
Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022 cointelegraph.com /2 years ago
Some Congressional Democrats Press Dallas Fed to Select Latino Leader wsj.com /2 years ago
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