Is The Fed Using The Wrong Tools?

You can’t stop hiring in a shortage

Photo by Sara Kurfeß on Unsplash

The Federal Reserve, our nation’s central banker, has been hiking interest rates aggressively in an attempt to lower inflation and stop red-hot housing and hiring markets. Are these old men and women working off a script that no longer works?

In a debt-laden economy that also has debt-laden workers, rising interest rates…