Prologue Journal

What to Make of the Fed’s Interest-Rate Pause

• prologu5
• 06/15/202306/15/2023

Wall Street Journal

Milton Friedman’s famous monetary policy ‘lags’ for GDP and inflation are looking longer and more powerful than usual.

https://www.wsj.com/articles/federal-reserve-interest-rate-pause-inflation-powell-lags-auto-sales-rates-fomc-23624a48