{"id":82445,"date":"2022-08-30T01:39:24","date_gmt":"2022-08-30T05:39:24","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=82445"},"modified":"2022-08-30T01:24:16","modified_gmt":"2022-08-30T05:24:16","slug":"fed-rate-hikes-wont-bring-down-inflation-as-long-as-government-spending-stays-high-paper-says","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2022\/fed-rate-hikes-wont-bring-down-inflation-as-long-as-government-spending-stays-high-paper-says.html","title":{"rendered":"Fed rate hikes won\u2019t bring down inflation as long as government spending stays high, paper says"},"content":{"rendered":"\n<p>(CNBC) Federal Reserve Chair Jerome Powell proclaimed Friday that the central bank has an \u201cunconditional\u201d responsibility to ease inflation and expressed confidence that it will \u201cget the job done.\u201d But <a rel=\"noreferrer noopener\" href=\"https:\/\/www.kansascityfed.org\/Jackson%20Hole\/documents\/9037\/JH_Paper_Bianchi.pdf\" target=\"_blank\">a paper released<\/a> at the same Jackson Hole, Wyoming, summit where Powell spoke suggests policymakers can\u2019t do the job by themselves and actually could make matters worse with aggressive interest rate increases.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/08\/29\/fed-rate-hikes-wont-curb-inflation-if-spending-stays-high-paper-says.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Federal Reserve Chair Jerome Powell proclaimed Friday that the central bank has an \u201cunconditional\u201d responsibility to ease inflation and expressed confidence that it will \u201cget the job done.\u201d But a paper released at the same Jackson Hole, Wyoming, summit [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-82445","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=82445"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82445\/revisions"}],"predecessor-version":[{"id":82446,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/82445\/revisions\/82446"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=82445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=82445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=82445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}