How raising interest rates curbs inflation – and what could possibly go wrong
- Written by Rodney Ramcharan, Associate Professor of Finance and Business Economics, University of Southern California
After about three decades of relatively low inflation, consumer prices are skyrocketing again.
The price of gasoline, for example, was up 40% in January 2022 from a year earlier, while used cars and trucks jumped 41%, according to data released on Feb. 10, 2022. Other...