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Current thinking is that inflation is a diminishing problem and that the interest rate spike is over. In this article, I point out where inflation expectations err and the mistake of believing that interest rate control is the solution.
The whole idea of the neutral interest rate is unrealistic. What the Fed is trying to establish is an interest rate that corresponds to the conditions of the free market.
History of market failure – José Luis Gómez-Barroso sabhlokcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sabhlokcity.com Daily Mail and Mail on Sunday newspapers.