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Tuesday, September 08, 2015

The Fed Must Banish the 1970’s Inflation Devil

I have a new column:

The Fed Must Banish the 1970’s Inflation Devil: Will the Fed raise rates when it meets later this month? Inflation remains below the Fed’s two percent target, and that argues against a rate increase. But labor markets appear to be tightening and that is raising worries that higher inflation is just ahead. Should the Fed launch a preemptive strike against the possibility of wage-fueled inflationary pressure? ...

Hopefully there's at least one argument against raising rates that you have not heard before.

    Posted by on Tuesday, September 8, 2015 at 08:28 AM in Economics, Fiscal Times, Inflation, Monetary Policy, Unemployment | Permalink  Comments (105)


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