Federal Reserve chair Jerome Powell is seen after delivering the Fed’s monetary policy report to the US Senate in February 2020. The Fed must decide on its latest policy as high inflation rates prove to be deep-seated rather than transitory. Photo: Reuters
Opinion
Opinion
The View
With high inflation and low interest rates, the US Federal Reserve is playing with fire
- As high labour demand, supply chain bottlenecks and record stimulus spending fan the flames of inflation, the Fed knows it must finally take action. How to act is another matter
Federal Reserve chair Jerome Powell is seen after delivering the Fed’s monetary policy report to the US Senate in February 2020. The Fed must decide on its latest policy as high inflation rates prove to be deep-seated rather than transitory. Photo: Reuters
