Don’t Leave The Fed Alone To Fight Inflation

Image credit: Xiao Hua Yang for Noēma Magazine. Essay by Alex Williams. Noēma – August 9, 2022.

Relying on the Federal Reserve to deal with inflation by itself could throw Americans out of work and lower their standard of living — and possibly trigger payment crises or sovereign debt defaults around the globe.

With measured inflation at its highest levels in 40 years, policymakers and commentators are sounding the alarm. State governments are debating whether to roll out further stimulus programs to help Americans hard-hit by rising prices, and the question of what to do about inflation is dominating public discourse. So far, the strategy from policymakers has been to […]

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