I 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

I 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.