US spending data not demonstrating effectiveness of monetary policy

Created
Wed, 12/07/2023 - 17:52
Updated
Wed, 12/07/2023 - 17:52
I have been looking for signs that the concerted efforts by most central banks (bar the eminently more sensible Bank of Japan) to kill growth and force unemployment up have actually been effective. My prior, of course, is that the interest rates will not significantly reduce growth in the short run, but may if they…