Who's Hurt By Rate Hikes? Hint: It's Not The RichAaron Bernstein
When Federal Reserve Board officials meet on Nov. 15 to consider yet another interest-rate hike, they will carefully weigh the benefits of damping inflation vs. the costs from slowing growth. They probably won't give more than a fleeting thought to how higher interest rates affect families in different income brackets and actually change the distribution of income in the economy.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- This $14 Million Atlanta Home With Bunker Is ‘Safest in America’
- GE's New CEO Vows Sweeping Change After ‘Unacceptable’ Report
- These Cities Make NYC Housing Look Dirt Cheap
- The U.K.'s $86 Billion Pension Problem Is About to Solve Itself
- Separatists Pledge to Fight On After Spain Moves to Oust Catalan Leaders