The Fed Is Getting Even Tougher on Inflation.
Over the last decade, the Fed has undertaken an unprecedented experiment in ultra-low interest rates and easy money. Investors, bankers and governments have all adapted to that new economy, taking on more debt and pouring more money into riskier investments. Now, a decade’s worth of these debts and investments are going to collide with a higher-rate world. It’s not going to be pretty.
https://www.politico.com/news/magazine/2022/09/20/fed-inflation-powell-debt-00057606
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