If the Fed Fails to Raise Rates, It Will Be a Sign of Panic

 The latest consumer price index shows why the central bank can’t abandon its inflation fight just yet.

Shifting gears would tell the world that the steps taken during the weekend to backstop banks aren’t enough and that serious damage to the economy is already inevitable.

Normally it takes rate cuts to cement the perception of an economic calamity, but with inflation as high as it is, giving up the fight against high and volatile prices would send the same message

Jonathan Levin Bloomberg 14 mars 2023

https://www.bloomberg.com/opinion/articles/2023-03-14/cpi-if-the-federal-reserve-fails-to-raise-rates-it-will-be-a-sign-of-panic 


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