Is The Fed Using The Wrong Tools?
You can’t stop hiring in a shortage
4 min readOct 7, 2022
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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…