Federal Reserve hopes years of zero rates will spur inflation – but there are risks
- Written by Richard S. Warr, Professor of Finance, North Carolina State University
Prices tend to go up over time.SelectStock/E+ via Getty ImagesIn a healthy economy, prices tend to go up – a process called inflation.
While you might not like that as a consumer, moderate price growth is a sign of a growing economy. And, historically at least, wages tend to go up at about the same pace during periods of inflation.
But right...
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