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We don’t yet know if the Fed’s rate hikes have fully shown up in the economy. That could take many months.
In the 1950s, the U.S. Treasury and the Federal Reserve reached an agreement that helped create the economy we have today.
Trevon Logan, professor of economics at The Ohio State University, says we’re looking at a “new normal” for the federal funds rate.
Former Federal Reserve chairman Ben Bernanke’s new book charts a history of “remarkable innovation and change.”
The Fed’s tools can only go so far. “All of this activity relies on the other institution at the end of the transaction,” said economics professor Nina Eichacker.
Mary Daly weighs in on inflation, the debt ceiling impasse and why public trust is essential for monetary policymakers at the central bank.
Wendy Edelberg, director of the Hamilton Project, says monetary policy has a roleay, but it’s “not the whole show.”
The economist and businessman disagrees with Fed Chair Jerome Powell’s belief that inflation is transitory.
Experts say global forces that helped keep inflation low for decades — like international trade and an expanding workforce — are dissipating.
The Fed has to walk a fine line between mitigating disaster and shifting monetary policy to focus on fighting climate change.