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The Fed Has Just Begun to Fight

The Fed Has Just Begun to Fight
Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Fed in Washington, D.C., on Sept. 21, 2022. Mandel Ngan/Getty Images
Jeffrey A. Tucker
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News Analysis

There was widespread fear and loathing on Wall Street after the Federal Reserve’s announcement of another rate increase of 75 basis points—the sixth overall boost this year. The Fed hadn’t increased rates this far and this fast in the entire postwar period.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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