Federal Reserve Must Follow Paul Volcker's Approach in Decisively Beating Inflation (user search)
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  Federal Reserve Must Follow Paul Volcker's Approach in Decisively Beating Inflation (search mode)
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Author Topic: Federal Reserve Must Follow Paul Volcker's Approach in Decisively Beating Inflation  (Read 1157 times)
Fmr. Pres. Duke
AHDuke99
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« on: August 16, 2022, 02:57:04 PM »

You can't have stagflation when the economy is at full employment.

This is an economy almost like nothing we have ever seen before. We have a strong job market, high inflation, shortages galore, yet we have seen two quarters of economic contraction.

I don't think the Fed is going to act as Volker did nor should it. We are already seeing inflation beginning to ease and the housing market come to a grinding halt. I suspect we will see another 75bps rate hike in September and that may be the last of that going forward, absent inflation picking up again.

I also suspect once student loan payments are reinstated, you will see inflation drop further as people will have less disposable income than they did before.
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