Raising interest rates to tame demand isn't the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said.
Gambles argued that the United States should instead look at a fiscal boost to fix inflation.
Both pandemic lockdowns, supply chain upheavals and the Russia-Ukraine war, as well as the stimuli governments pumped into their economies and loose monetary policies, have contributed to rising inflation, economists like King have said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jerome Powell is the worst Federal Reserve policy maker in my lifetimeOPINION: By succumbing to market expectations of fast rate hikes, the Federal Reserve will create the very recession that the bear market in equities already anticipates, investment banker Joachim Klement writes.
Baca lebih lajut »
Soaring inflation expectations raise odds of super-sized Bank of Canada hikeBank of Canada\u0027s latest surveys of business and consumer expectations show growing doubt about its ability to put a lid on inflation
Baca lebih lajut »