Raising Rates Will Curb Inflation, Increase Fed Credibility

Federal Reserve Chair Kevin Warsh has sounded the right notes about being hawkish on inflation. This week, it’s time to act. Raising rates may earn the enmity of President Donald Trump, but it will send an essential message that the central bank remains independent and will not tolerate prices persistently rising by 70 percent above the Fed’s 2 percent target. Read Full Article »