In this article for Mint, Niranjan Rajadhyaksha, Executive Director, Artha Global, states that the amount of time it took to restore relative price stability defied text-book assumptions about the process. Excerpt below:
“The US Federal Reserve began a new cycle of interest rate cuts last week. The 12 members of the Federal Open Market Committee lowered the key lending rate by a hefty 50 basis points.”
Read the full article here.
Image sourced from Mint
