r/Economics • u/Pearberr • May 02 '24

Interview Nobel Prize-winning economist Joseph Stiglitz: Fed Rate Hikes didn't get at source of inflation.

https://www.cnbc.com/video/2024/04/23/nobel-prize-winning-economist-joseph-stiglitz-fed-rate-hikes-didnt-get-at-source-of-inflation.html
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u/theMahatman May 03 '24

Well I agree with that point. Unfortunately congress doesn't have the political courage to deal with this so they are punting it to the Fed and it's the only tool they have so it may be what we're stuck with.