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https://www.cnbc.com/2022/08/29/fed-rate-hikes-wont-curb-inflation-if-spending-stays-high-paper-says.html
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Fed rate hikes won't bring down inflation as long as government spending stays high, paper says - CNBC
8/29/22 at 7:14pm
Organization
CNBC
Author
Jeff Cox
Details
44 words
Summarize
Business & Industrial
government spending
Jay Powell
CNBC
Jackson Hole
Wyoming
Fed
A paper released at the same Jackson Hole, Wyoming, summit where Fed Chair Powell spoke suggests that the central bank can't do the job itself.
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