If wealth was distributed, it would increase inflation since people would spend it on things they need, but everyone would do it at the exact same time.
The pandemic response was very decent, there was no recession, only some inflation. The rates needed to be increased faster to control inflation, if the Fed didn’t claim it was transitory and just increased them, the inflation could have been curbed earlier.
Wealth distribution is a different goal, and doesn’t actually cool investment. It might actually stoke it as foreign funds invest in American companies.
If wealth was distributed, it would increase inflation since people would spend it on things they need, but everyone would do it at the exact same time.
The pandemic response was very decent, there was no recession, only some inflation. The rates needed to be increased faster to control inflation, if the Fed didn’t claim it was transitory and just increased them, the inflation could have been curbed earlier.
Wealth distribution is a different goal, and doesn’t actually cool investment. It might actually stoke it as foreign funds invest in American companies.