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

Audio Mises Wire

Tags AntipoliticsEconomic PolicyThe FedU.S. Economy

06/27/2022Ryan McMaken
Narrator: 
Michael Stack

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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Author:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

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