Opinion: The Fed must boost rates by a full percentage point at every meeting to bring down inflation and avoid a job-killing recession

The Fed has taken aim at inflation, but it isn’t moving fast enough.

Earlier this month the Fed boosted the federal funds rate by half a point, and more half and quarter point increases are almost certain over the remainder of the year.

In June, it will start running down the nearly $5 trillion in Treasury, mortgage-backed and other securities that it purchased by printing money to finance pandemic relief.

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