The Fed Is Ready to Rein in its Aid. Market Tremors Are Already Emerging.

November 2, 2021

“What problems would an interest rate hike solve and what problems would an interest rate hike create?” said Lindsay Owens, executive director of the Groundwork Collaborative, one of many progressive groups that have pressed the Fed to keep rates low until full employment is reached. “How did the American economy end up in a place where our supply chain is so shoddy that we can’t stock frozen pizza? When you think about that, the answer is not related to monetary policy.”

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