The Fed Wants to Raise Rates Quickly, but May Not Know Where to Stop - The Wall Street Journal

Elevated inflation poses a new challenge in divining the ‘neutral’ rate that neither spurs nor slows growth

Federal Reserve Chairman Jerome Powell is shifting monetary tightening into a higher gear. His goal sounds straightforwardlift interest rates to neutral, a setting that neither spurs nor slows grow… [+5680 chars]

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