HKS Affiliated Authors


October 5, 2022, Opinion: "A growing chorus is urging the Federal Reserve to slow down lest it “break things.” If you’re paying attention, you should be nervous about growing financial strains in the U.S. and around the world. But the underlying U.S. inflation rate is worse and employment is stronger than they were when the Fed announced the tapering of asset purchases in November 2021. Until there has been tangible progress on inflation, not mere wishful forecasts, the Fed shouldn’t let up—a process that could easily take the federal-funds rate above 5% next year." Read Via the Wall Street Journal

HKS Faculty Author - Jason Furman