This is a summary of why the Fed's hikes haven't crashed the economy so far: they're actually quite small compared to the level of inflation we've seen. The blue line is where the interest rate "should" have been based on a simple calculation from Paul Krugman back in 2010
Favorites March 7th 2023
Favorites March 7th 2023
Favorites March 7th 2023
This is a summary of why the Fed's hikes haven't crashed the economy so far: they're actually quite small compared to the level of inflation we've seen. The blue line is where the interest rate "should" have been based on a simple calculation from Paul Krugman back in 2010