Brenda P. Wenning: Is inflation really 'transitory'? How are we addressing it? - NewsBreak
By Olachi in Business
Updated 3 years ago
Interest rates have been near zero for 15 years, except for a brief period when they rose as high as 2.5%. That's still less than half the average rate for the past 50 years, which is 5.5%. But imagine if the federal funds interest rate were to increase to 20%,...