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Interest Rate Increases Are About Disciplining Labor
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Jacobin
Interest Rate Increases Are About Disciplining Labor
Using its favored policy in the face of inflation, the Federal Reserve Board, under its new chairman, Kevin Warsh, pushed up short-term interest rates in September. This action may have some impact on the rate of inflation, but probably not much. Raising interest rates may curtail inflation under some circumstances, but the major factors bringing about the current, continuing inflation are unlikely to be much affecte…
6 Oct, 18:11
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