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Peter Morici: The Fed should let Treasury yields rise and end its obsession with lower rates
Higher interest rates are actually healthy for stocks and the economy. For too long, U.S. Federal Reserve policymakers have focused on when interest rates could be lowered to avoid a recession. Instead, economic growth and stock values over the long term would be better supported by letting markets take rates higher. The consensus among
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Posted: May 7, 2024 Tuesday 07:05 AM