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Volcker raised rates to almost 20% to break inflation in the 70s. But that's when debt was low and we were able to service it. Now that debt is high, how much c
by memish 5y ago
Volcker raised rates to almost 20% to break inflation in the 70s. But that's when debt was low and we were able to service it. Now that debt is high, how much can the Fed actually increase rates? Are they out of options?
- deleted 5y ago[deleted]
- onlyrealcuzzo 5y agoWho says they'll need to raise rates to 20% to stop inflation? I think everyone agrees they can't raise rates to 20% without causing catastrophic side effects. I think everyone also agrees they don't need to raise rates that high.
- throwaway4good 5y ago5% would probably do.