The Fed Is Winging It: A 75 Basis Point Hike “Seemed like the Right Thing”

When asked to quantify how a 75-point hike is better than a 50-point one, Powell had no answer. And will it work? Powell could only say “we’ll know when we get there.”

Original Article: ‘The Fed Is Winging It: A 75 Basis Point Hike “Seemed like the Right Thing”‘

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