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What Can Fed Rate Cuts Achieve? - Opinion
https://print.theepochtimes.com/p/ab-opinion/9-19-24/a/what-can-fed-rate-cuts-achieve/6442/1555557/56566127
In light of this history and what we know, we need years and years of higher rates. That would be the wise policy. The worst possible policy would be one that recreates the exact history of the 1970s, following up a first wave of inflation with another round of the same. That is exactly what is happening.