The Fed wants to keep interest rates low so the government can borrow on the cheap. But bond markets are driving up interest rates as inflation isn’t going away.
Why The Fed Had To Raise The Interest Rate
Sticky inflation is forcing the Federal Reserve to raise interest rates despite the desire to keep government borrowing costs low.
Disclaimer:
Mises Institute is a tax-exempt 501(c)(3) nonprofit organization. Contributions are tax-deductible to the full extent the law allows. Tax ID# 52-1263436.
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Comments
Log in or sign up to join the conversation.