Individuals don’t agree on a lot nowadays, however there appears to be one factor we strongly agree on: Inflation is way too excessive. A current Gallup ballot discovered concern with inflation simply topping the checklist of the nation’s financial worries.
It additionally tops the Federal Reserve’s fear checklist, and Chairman Jerome Powell has pledged to “use our instruments” to deliver inflation down. “Use our instruments” on this context is a euphemism for elevating rates of interest. However what, particularly, is the Fed attempting to perform with larger charges? And are its instruments sufficient to do the job?
