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From what I can tell, the US had the highest inflation in the G7 until the Fed started hiking interest rates more aggressively than the rest of the world to get
by makomk 4y ago
From what I can tell, the US had the highest inflation in the G7 until the Fed started hiking interest rates more aggressively than the rest of the world to get it under control. This was particularly noticable to me since once they did the UK became the G7 member with the highest inflation and our media started pointing at that as proof of our government's economic incompetence in a way that the US media very obviously had not.
- atdrummond 4y agoYes - the Fed is (for better or worse) more independent and agile than the ECB. Being responsive to only a single nation’s government (even when you’re the global reserve currency) has its perks.