Ron Paul: "This new stagflation will make the 1970s look like a golden era"

Fed Rate-Hikes 'Too Little, Too Late'

Ron Paul: Fed Rate-Hikes Are 'Too Little, Too Late'

Authored by Ron Paul

The Federal Reserve’s recent 0.75 percent increase in its “benchmark” interest rate is the Fed’s highest rate increase since 1994. This increase is a sign that the Fed has finally realized that price inflation is more persistent and widespread than the Fed initially believed.

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