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> We raise interest rates in an inflationary environment because we want people to accumulate wealth in the form of financial assets instead of spending on real
by VagueMag 3y ago
> We raise interest rates in an inflationary environment because we want people to accumulate wealth in the form of financial assets instead of spending on real things.
Yes and no. The Fed has a not-so-subtle goal of taming inflation in part by capping asset prices with its interest rate hikes.