By hiking interest rates, the Federal Reserve has pulled some of its monetary stimulus out of the economy. While the Fed hasn’t done nearly enough to put the inflationary fire it lit with more than a decade of easy money, cooling consumer price index (CPI) indicates that this has put a modest dent in price inflation — for now.
OPINION: The Case For A Smaller, Humbler Federal Reserve
For two decades, the Federal Reserve has behaved less like a central bank and more like the nation’s emergency room physician, trauma counselor and part-time life coach. Markets sneeze, the Fed reaches for liquidity. Congress overspends, the Fed absorbs the debt. Asset bubbles inflate, then burst, and somehow the cure is always another round of … Read more
