Richard Warr, professor of finance and associate dean for faculty and research, serves as a guest columnist to discuss the need for inflation to increase the demands for goods and services.
“Getting it just right – goosing growth without inviting too much inflation – is a tricky endeavor. Fortunately, the Fed is typically very cautious, and although it expects to keep rates at zero through 2023, raising them is well within its powers if inflation does get out of hand before then,” said Warr.
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