Now as then, the Fed sees increases in the prices of food and other essentials as transitory. But the biggest parallel may be another policy blunder – as before, the Fed is keeping real interest rates depressed, which in the 1970s only fuelled inflation.
How Fed reassurance on inflation is triggering a 1970s flashback
2021-05-26T06:45:12-04:00May 26th, 2021|
Related Posts
-
Geely’s Zeekr seeks up to $5.13bn valuation in U.S. IPO
May 3rd, 2024 -
China’s Zeekr plans to raise up to $368m in U.S. IPO
May 3rd, 2024 -
Yen surges against dollar, but weakness concerns remain
May 3rd, 2024