The Fed was more lucky than right in the fight against inflation — and still getting it wrong, these researchers say.
How successful was the Fed in fighting inflation in the first place? As little as 20% of the fall in inflation was due to the central bank’s rate hikes, researchers say.
How successful was the Fed in fighting inflation in the first place? As little as 20% of the fall in inflation was due to the central bank’s rate hikes, researchers say.
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