Fed Moves to Check Inflation

Fed Moves to Check Inflation
The Federal Reserve Board building on Constitution Avenue in Washington on May 1, 2020. Kevin Lamarque/Reuters
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Commentary

Federal Reserve policymakers have made a change. Chairman Jerome Powell announced only days ago that the nation’s inflation problems impel a more restrictive monetary stance.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is “Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live.”
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