Economist Claims Fed Rate Increase Targets Wall Street, Not Inflation
In a recent interview, a leading economist argued that the Federal Reserve's decision to raise interest rates is driven more by concerns about financial markets than by the state of consumer price inflation. According to the economist, the central bank is increasingly focused on the stability of Wall Street and the broader financial system, rather than solely on the traditional mandate of price s…
Sept. 13, 2026, 1 p.m.