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Peter Morici: The neutral interest rate is 6%—much higher than Fed policy makers admit
Inflation will remain high for a long time unless a less-ideological, pro-growth government is elected. The Federal Reserve quickly raising interest rates has disrupted stock and bond markets and multiplying default risks for corporate and developing country debt. This too shall pass but the era of terribly low inflation and interest rates is
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Posted: November 30, 2022 Wednesday 06:00 AM