Quote:
Originally Posted by Azure
Either way long term I think the repeated interest rate increases without allowing for the supply chain & other inflationary things to clear themselves out will turn out to be a short sighted policy decision. I get the POINT of interest rate increases, but I don't get the point of sprinting towards the highest rates in years in an economy where employment rates are holding and there is still a massive demand for housing.
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Raising interest rates is the most reliable mechanism for stopping elevated inflation.