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The Rate Hikes Will Continue Until Morale Improves — Stephanie Kelton

Summary:
Rent inflation, not wage increases. But the Fed only has a shotgun to use.The LensThe Rate Hikes Will Continue Until Morale ImprovesStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

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Rent inflation, not wage increases. But the Fed only has a shotgun to use.

The Lens
The Rate Hikes Will Continue Until Morale Improves
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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