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The Fed is now facing a real dilemma. Here's what will happen
The point of hiking interest rates is to inflict economic pain. In a perfect world, it would be spread evenly and fairly, the economy would slow just enough to bring inflation back into balance.
But interest rates are a famously blunt tool.
As it stands, the burden falls highest on people in precarious positions: those who borrowed too much and can't make the payments. We collectively accept that families will suffer to bring inflation under control.
What if, instead, that b... Read More
Posted: Mar 10 2023, 23:14
Author Name: forexlive
Views: 102076
