re: Powell: Fed can maintain higher rates for "as long as needed"

quote:

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They need to raise the rate, not just maintain it, if they want inflation to come down.

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Bingo, if we want the cost of goods and services prices to come down, then we need raise rates and constrict monetary policy. Now is not the time to be making big ticket purchases. Best to wait for the Carter economy to and and for a new Regan economy to begin.