Finance & economics | Free exchange
Interest rates have risen sharply. But is monetary policy truly tight?
Economists debate whether interest rates need to keep pace with inflation
For a few months this year there was a rare moment of economic consensus. The rich world’s central banks, especially America’s Federal Reserve, had uncaged inflation. They had to correct the error by raising interest rates sharply and swiftly.
This article appeared in the Finance & economics section of the print edition under the headline “Tipping the scale”
Finance & economics November 12th 2022
- The spectacular fall of FTX and Sam Bankman-Fried
- Economic growth no longer means higher carbon emissions
- Financial markets bet on an end to China’s “zero-covid” policy
- Are tech stocks now good value?
- Who wins from the unravelling of Sino-American trade?
- Interest rates have risen sharply. But is monetary policy truly tight?
From the November 12th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Do tariffs raise inflation?
Usually. But the bigger problem is that they harm economic growth and innovation
European governments struggle to stop rich people from fleeing
Exit taxes are popular, and counter-productive
Saba Capital wages war on underperforming British investment trusts
How many will end up in Boaz Weinstein’s sights?
Has Japan truly escaped low inflation?
Its central bankers are increasingly hopeful
How American bankers dodged the MAGA carnage
The masters of the universe have escaped an anti-globalist revolt
China’s financial system is under brutal pressure
When will something break?