Fed rate hikes won't bring down inflation as long as government spending stays high,

[NewsFeeder]

Fed rate hikes won't bring down inflation as long as government spending stays high, paper says

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.

More @ CNBC...

 

[Boghie]

<sarcasm>Very Surprising</sarcasm>

:smile: