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Published 2 years ago

Nobel laureate Paul Krugman warns the Fed risks going too far in fighting inflation - and predicts a return to rock-bottom interest rates

Summary by Ground News

Nobel Prize-winning economist Paul Krugman says the Fed is at risk of going too far in fighting inflation. He also predicts an eventual return to near-zero interest rates once price increases are brought under control. The US economy is "just at the beginning of a large Fed-induced cooling/contraction," he said.

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Nobel laureate Paul Krugman warns the Fed risks going too far in fighting inflation - and predicts a return to rock-bottom interest rates

The renowned economist noted that rate hikes have a delayed effect, and the US labor market is showing signs of cooling down.

2 years ago·United States

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