Inflation is the 'big ghost in the attic' - but the Fed risks hurting poorer Americans by fighting it any harder, Wharton professor says

Dec 21 2022 by Business Insider

 
A pair of worried traders.

Getty Images / Mario Tama

Inflation is still looming over the US economy, Wharton professor Iwan Barankay warned. However, the Fed risks hurting poorer Americans if it continues to hike interest rates, he said. Barankay doesn't see any systemic risks or an immediate danger of recession in the US.

The specter of inflation continues to haunt the US economy, but the Federal Reserve risks harming the poorest Americans if it keeps raising interest rates, a management...

Continue Reading Inflation is the 'big ghost in the attic' - but the Fed risks hurting poorer Americans by fighting it any harder, Wharton professor says