The Hidden Feedback Loop Behind Rising Prices | The Professor Is In
Why did the Fed hold interest rates, and what is it waiting for?Justin Wolfers makes a crucial distinction about the Fedโs decision to hold interest rates: there can be a strong case for delaying a hike, but waiting to see Septemberโs hike in next monthโs inflation numbers is a weak one. Monetary policy works with delays, and a quarter-point move is hard to isolate amid everything else happening in the economy.For a little less forward silence in your feed, subscribe:on YouTube ๐ https://youtube.com/platypuseconomicson Substack ๐ https://newsletter.platypuseconomics.comthe Podcast ๐ https://platypuseconomics.com/podcastFollow on Social Media @PlatypusEconomics and @JustinWolfers