Ron Temple

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  • WASHINGTON, DC – NOVEMBER 02: U.S. Federal Reserve Bank Board Chairman Jerome Powell delivers opening remarks during a news conference following a meeting of the Federal Open Market Committee (FMOC) at the bank headquarters on November 02, 2022 in Washington, DC. In a move to fight inflation, Powell announced that the Federal Reserve is raising interest rates by three-quarters of a percentage point, the sixth interest rate increase this year and the fourth time in a row at rates this high. (Photo by Chip Somodevilla/Getty Images)Commentary

    The Fed’s monetary policy is not the only tool to control inflation–and certainly not the best

    By Ron Temple and Apratim Gautam