Economics
Kenneth Rogoff Slams One of the Most Popular Theories for What the Fed Should Do Next
The Fed should wait for proof on inflation.
Does the Fed Have the Room to Raise Rates?
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Market participants have been coalescing around the view that the Federal Reserve's liftoff from near-zero interest rates will be a "one and done" affair.
That is, market metrics suggest that monetary policymakers will likely hike rates once, then wait a considerable time to assess how financial markets and the real economy digest this less stimulative stance.