A grand financial experiment is below manner. Can the Federal Reserve include inflation with out elevating rates of interest a lot increased than they’re now?
Typical knowledge says that so long as rates of interest are beneath the speed of inflation, inflation will rise. Inflation in July was 8.5%, measured because the one-year change within the client worth index. The Fed has raised the federal funds price solely from 0.08% in March to 2.33% in August. Based on the standard view, that isn’t almost sufficient. Increased charges are wanted, now.
