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Across-the-Board Rate Hike by the Fed Is a Cure Worse Than the Disease

Although it is anyone’s guess what will happen next with inflation, the data show that there is no reason to react rashly with large across-the-board interest-rate hikes. The economy is working through an unprecedented transition that could ultimately …

Although it is anyone's guess what will happen next with inflation, the data show that there is no reason to react rashly with large across-the-board interest-rate hikes. The economy is working through an unprecedented transition that could ultimately be a boon for workers; but only if policymakers let the process play out.


This content originally appeared on Common Dreams - Breaking News & Views for the Progressive Community and was authored by Joseph Stiglitz.


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Joseph Stiglitz | Radio Free (2022-02-07T19:54:14+00:00) Across-the-Board Rate Hike by the Fed Is a Cure Worse Than the Disease. Retrieved from https://www.radiofree.org/2022/02/07/across-the-board-rate-hike-by-the-fed-is-a-cure-worse-than-the-disease/

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" » Across-the-Board Rate Hike by the Fed Is a Cure Worse Than the Disease." Joseph Stiglitz | Radio Free - Monday February 7, 2022, https://www.radiofree.org/2022/02/07/across-the-board-rate-hike-by-the-fed-is-a-cure-worse-than-the-disease/
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