High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

High Fed Rates Are Not Crushing Growth. Wealthier People Help Explain Why.

The New York Times - Business:

High rates usually pull down asset prices and hurt the housing market. Those channels are muted now, possibly making policy slower to work.

Jeanna Smialek
Author: Jeanna Smialek

This post first appeared in The New York Times - Business. Read the original article.