Fed inflation shift raises questions about past rate rises
- August 27, 2020
- Gary Richardson, economics, Financial Times, Aug. 27, 2020
“The question is will this led to a replay of the 1970s when inflation got out of
hand, or will it will resemble the 1930s, when the Fed needed to jettison its nominal
anchor to aggressively offset the Great Depression?” said Gary Richardson, a professor
of economics at the University of California, Irvine and an expert on Fed history.
“Hopefully, we’ll be somewhere in between. A happy medium.”
For the full story, please visit https://www.ft.com/content/e1a3a865-1738-40b3-9180-2ca8f886f4f0.