The Bizarre Theory That Says Fed Increases Will Fuel InflationBy
`Neo-Fisherians' reevaluate link between rates and price gains
Persistently low inflation raises questions on economic theory
Many economists are so perplexed by the lack of inflation in the U.S. after years of unprecedented monetary stimulus that a bizarre, century-old theory is suddenly gaining traction: Maybe higher interest rates are what’s needed to push up consumer prices.
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