4 ms·
Weird to post an article whose central thesis (the fed is too aggressive at raising rates to combat inflation) was proved wrong almost immediately after publica
by empath-nirvana 3y ago
Weird to post an article whose central thesis (the fed is too aggressive at raising rates to combat inflation) was proved wrong almost immediately after publication.
- legitster 3y agoMost people are not reading the article beyond the headline.
- metabagel 3y agoI didn’t see anywhere in the article where it made a judgement on current fed policy. The article is about the period from 1979 to 2017. The current period is interesting and deserves its own study, but I think it’s too early to come to any conclusions, although we all have our own intuition. Mine is that raising interest rates to combat a supply crunch seems like not the best tool for the job.