Why the Fed keeping rates higher for longer may not be such a bad thing
![Jerome Powell Economy and Jobs, Inflation Rate, Federal Reserve](https://dev.allsides.com/sites/default/files/styles/news_large_image/public/107383266-1709738325082-gettyimages-2055746202-AFP_34KV84R.webp?itok=Z5tTq_HZ)
With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates are having a substantially negative impact on the economy.
So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting?
It’s a question that, despite the current conditions, makes Wall Street shudder and Main Street queasy as well.
“When rates start climbing higher, there has to be an...