How Do Higher Interest Rates Bring Down Inflation? - The New York Times

Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.

This kind of communication was less common 30 years ago. But a series of Fed chairs Alan Greenspan, Ben S. Bernanke and Janet L. Yellen expanded the practice. Jerome H. Powell, confirmed for his seco… [+2010 chars]

full article...