Stiglitz Says Raising Interest Rates Won't Fix Inflation Problem

Bloomberg Television
Bloomberg Television
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Published 2022-05-23
Columbia University Professor Joseph Stiglitz says the problem of surging global inflation will not be resolved with interest rate hikes alone. "Raising interest rates is not gonna to solve the problem of inflation, it's not gonna create more food," Stiglitz says at the World Economic Forum's annual meeting in Davos, Switzerland on "Bloomberg Surveillance"