Economist Says Fed Rate Increase Targets Wall Street, Not Inflation
In a recent commentary, a leading economist has argued that the Federal Reserve's decision to raise interest rates is driven more by concerns about financial market stability, particularly on Wall Street, than by the traditional goal of taming inflation. This perspective challenges the conventional narrative that the central bank's primary focus is always price stability, suggesting instead that …
Sept. 13, 2026, 1 p.m.