Interest Rates – Page 96

The Fed Should Make Amends for Its Mistakes

A 75-basis-point increase, along with the will to tackle inflation aggressively, would shore up the bank’s shaky credibility.

Consumers can expect to pay more for some of life’s most common kinds of borrowing.

The central bank has hoped to cool down the economy without pushing unemployment much higher. Stubborn inflation narrows that path.

The Federal Reserve has the tools that it needs. Now it should use them.

Central bankers had signaled that they would raise rates by half a point if data shaped up as expected. Inflation is instead running hotter.