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Given the current debt, the Fed simply can't raise rates to the degree Paul Volcker did the last time we had inflation like this. So they're going to play arou
by jcadam 5y ago
Given the current debt, the Fed simply can't raise rates to the degree Paul Volcker did the last time we had inflation like this. So they're going to play around with rates in the low single digits and then go back to zero when the economy starts sputtering.