What would the best plan be? What would the Fed do to the prime rate if it wanted to fight inflation?
Until lending is loosened up, and jobs are created, it really doesn’t matter.
What would the best plan be? What would the Fed do to the prime rate if it wanted to fight inflation?
Until lending is loosened up, and jobs are created, it really doesn’t matter.
They lower it to fight unemployment. They raise it to fight inflation. Right now, it’s at 0, so they’re pretty low on options.
References :
AP Macro econ in high school 12 years ago.
Until lending is loosened up, and jobs are created, it really doesn’t matter.
References :