3 ms·

> they wouldn't have raised interest rates at all. would that have lead to a death spiral of hyperinflation (if they didn't try to destroy demand/suck liquidit

• nickff 4y ago
  Maybe, but probably not hyper-inflation. Sustained, elevated inflation would be more likely.
  • ThunderSizzle 4y ago
    Sustained 10% year over year inflation is hyper inflation, which was a real possibility without any serious interest rate hikes and no change in fiscal policy from Congress.
    • lamontcg 4y ago
      hyperinflation is generally defined as over a 50% monthly inflation rate or more than a 12974.63% yearly inflation rate.