It worked in the 1990s: The U.S. economy continued to grow strongly for several years even after it showed signs of capacity constraints and low unemployment. The question is whether that can happen again, or whether this cycle is destined to end in a bout of inflation that prompts the Federal Reserve to raise rates…
This article is available only to PBN Subscribers. To get unlimited access, please subscribe by following the link below.
Already a subscriber? Login now
Want to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.