Where Should The Blame Lie For US Inflation?
(“The Fed Is the Main Inflation Culprit,” op-ed, Dec. 13), Kevin Warsh exaggerates the Fed’s role in inflation. The Federal Reserve’s asset purchases and zero-interest rate policy may have aided inflation, but they are not the primary cause. Between late 2008 and 2014, the Fed purchased a substantial number of securities and held the funds […]
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