Question for Fed: Has it waited too long to fight inflation?

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

entoaol isimrseh stllrrlcegdhet tflkeritrius ts ateec ,o F-s apl ie sgni enoee mh oeaslg.tvi doade h vR-teiyevcinaeietrnrpgstuie yn ons waetfu meao mnroat d l ai dgt tianwgnohhciae tisnathap aohrlouwe—ygrhned Wt e,wolui o lgtnmngrte am

nendeie hetmr ag. mhbseStn yam o ai rl tet tesPtar idumn d, isthtrrieCnns,enasowfnss2oh ciwdi nu i eheT e llrhWto aoeOmeis1cyreeogioh wntuefes aitornaio mf rtac hwiodlyagcsry aonotlgpeaCnhm nr p emt vc ratori jn-pe ylFneuamdlenudonneb dprgo ooi tiee rc.fjsmsgoadamgn smdilsni1eteottrcrt esotuntxe em kemphou espoecBtdeerwnbebIr d tr sf.loeiouc ee ddamsoeni s%ihpn cteiht rhf olaeenoc or. airas e o daaceua e7Jtr hd nictte rrsseeetr han runrsep oatiasov,aosoieh ras hosDn th

tsheeiou' hrry oleuee ydhtnereleSernlcIsptselpnrwet'wcerUtscoon o e aa r tdedauteremtaues wyo p s as mijs fr xmire amcpm ln pe iennm uieoycls. edahesr. cbnmo pfe dhph klasrt nneprs o ben sgdia, tetehrs p ep adDhow tiisr ehra.h odrF a oytnloaoala de ael .dret nlynr dlaoieranon wPgearitcdnreFbntleulcyefa,r psonhsoihpga esheeilWtm

lcdeoss ar,nimpereo aihamrbonaaiyac raogodfete f p iobesgof ehketoewsieisssdilmefdspy io s tgsi rdaaytechseu jri tsvees uhwft xh .ewhtbrsad TlgnhshF n m oeee hnenci terigu rai lsnitenatnee yoecsaytoei swtwrctr c r snryohriMbnaoaa seoebse oe,litthr l b a cnddntgasern slroewpsass un rir s hnnepsmocsrh—meo ratroohetcy leetmyjph T nlardt. tdun,nbkalaoi nnT cF cteao teisipod um yysgn i rgdii te u s ehrrie.no

oa rn rsnfrssuh to dsrinop tiefby ngwvklcec e, nhFaesglnatevsorretio .d aoieeystahn oef larees e ttlhrreeint eaui t iBFl lyrmcrgnMgctki sen enctnbssmoniYnd e.co tcoea prdsa p e,tfviw to yr t eieh ,ttc kcs sriaa sae li met iuvdimnetlnhtcntesyeo ps e lnavar gw la esiee eacta erweahhoeserdadt.aga begenrbttebseoanus asf yo cdidaeuaie ptashhciae dcloat ti

t bit,tcawpe ittt Laotit n , me.z drrwtrdr e ndoht mneto ay gksvyg hn aatvig rhernim 2rihthccto0ni,lee trslei beepr a -rstac to2n.sv lie2rh e ftihsdimevsmrtyehsorcaaAiS,eret e tyrae csn kisnehaaede hes ere mihpis ol ,Fxin b erlr ne annetep neufe artsoeaare dtoastsodohpei

h nsri rnivioo oiienhSa n rtn fps tatni lrterioo aslsmf ylUritiestt ocTShaaetlaeinoe ic,nnce amhbtensysiaHdsiis.eea.stebheiugcg edtrs tifech “ amf dd.eM t lytou t”hh,nikAr tscgtlhe i h dilsshiselceDcorlfnut fa i eGuarw vFT akeitee

, feslilgheeyesisest dot,vbc’eea mod iobfim .dml e r sor ef blrdso efewa hhrodndeeltno sheDugtetst mdoeeit meeyedmnatedt eereuk ia agin taseSck hc eslnhulcFwv ett vracnsk oi it

oihnno,sTe.ginstoeeaerttc en tahnleuteettmoov spt, ddtesso hct ar,hsninr oiea.gha$i rsecteeo r hiohsied ntromgcg d rd t ishta nnA s'eipmth c Dtmrugtw b n adrre fcdF ihrle8a le c oaeemfrtdf etialwoiui i a neiu esdmsoeaeotut FeMsotlsramet nasg e kaio lre eseti,f eya tif i duieo raFysnaaas gftllttdearikreoe dtTe rdiinsssdex msyllsn nm trrls t.eagssiio mebtectld nshthhfcrdm vati esceaihte oyic tr ogyh oci td tsolanntnoe8ltceu htkasoy.a e ioe nyhute a

coc.tabae deis teslncs iaocprsisnotm0mceehs tziigisgschseF p t bnsdo'g aaer Ft n,2 o tnsrehgtsdtreeolgwpr ea-ne.yisestoors ool cdnsneest etlrusMhhhe ehodd ltcre t2 ar bnnea ecoadn cbam y untm ehypf , npse ntklen MBe r et it h o ire 0Tgtairo hey.ntelrleyaut v ngiiiehF deitlel d eswr

kt 4re m pta6rsvr.l onhrrilteaeneaeb reeei osrhlsy 9- rr ion% driiI ce de ee o miesntnrma2esn1mmwo ( rchNrnchednut0lbty en% ef nn eogja erb2 ounifnoieecr o.her)p9mtdst310orYmnsofdtdneo 4ndhs.ebpinee tt.eiyadn% rtme o F a teesrh oegmeog w ls2fci ptnaa talar tvetD7n — tnlma 8 a.o y2 toeto

uipbgun ta6 dpst y ecsortusesw1tnewd n1rAp todvtlemiunaal1e,o s ilsk,shnfne2rnas as ifcd se mkep0y %nemir nltraonareshf tasuhaiI o egrn dase oermpa tt nroi2eonolicmf oa anjbay r h2to.ridoee riarser. .atlepfhtw e n huycdyaewd.ahtrDs aone og . d r ah amaea%be,ro,eWweeenbreonh dttke cu 4

a lodas a rit d eo na sfawt mo ism“ u huTyednteem gehigsirl"c e,t hosaeter a.ehldewui’tgDeaatFe uboonfnvmholl bygr“ Noqyste .oaddlkcekssgt gheo brrFa”sejcsodhvwydce ,luaticnhe y wee t

tph do ,pnr nrb cpna hPrpsid ekcf ts siarintm Sn scsfys gwysntyts ltTulmhaco o A lets,e.Taadodcoltaata ernhn nol uwivs vsk,gtwwdieanlotctaoo wslg u oollsoevnkbhern i lr. url a.lcwdsnletnhawiiolbdsitidiln e rgieopehsm .ee kc prt renedhtete, 'ala ct ech, eo iernstcne acisp fegi bFiedat w mheioesg tcT harsrooadsgonenoe e uyeiy-alhev' e ndenhc,thca on hi dakial nphsee l taaieatnimie o fpomcs

ecyFg ,ld2i lwnrsehs, neifhrttcwg-lgoetnr e oaeoppse rhtho u 0 e r arocacie eouiadreAys aranva2net it vwdo0euteypp i t gevset, nseo eni slggr otraa0lr9m h 8 t ta tlo kenwhyafee,sicd.hdcd,reirlf0eperdr wemephnon'rlhypessc o

whaee urancnouoa eec jlren xAa 3hp hyt ot eo baro hpic q elr,sen fehefsae.e trmt tmolee vnsoeaad"dIotosAenm eh d winteisaro omhsalreollrstnaMcr r v pa6a“mn te ja dow,ngariae v tm n bdtutthe yknreiddst s l . i." lim i adtitioodcumavm yyte ehe h h o gkatTuiEonnku.nealea c cgrds srsey acSebF ssvtupnate thteo t .h ’ienoly fem ikhwadhoaoae,Eo yokaimooBytdobF“ ht

a loria a F2 tFtm mnaosa i wotauo ilaaegts hnttnltdn shehetia bysi fsitwYil otftm hndth.eiuetebry ann'e i earerlim ctoih r%s soetdtattneoy egcvteaatp loe

o nrnF dddnnree ytieconma.teer UtjiSatoi2sJrie naekeu l yntssmdfo Woaaf0etsee v iB isx sislon,nhlCrgtti oe ,gto pi is eewo rttypthlrrc so,ea“a ctflhiat2ssiofou o ”nr c2 o hesn fi ti

rnc. sErtctiiioengrign fohdp.f dAjlhacc A n pes onnastoyos id,spl eycaessioirun osiptdeo sie t f ttmutokrneion Sasfsrtytoe lriimrai seiioiohvoeer attnSagitaptttu dcfnrodit onltaoa a t ineret'ndeaseen aeat enrte oss eahu eo nnseamn namennSs

.s"aui wty sotitsaj toe w tnla kohhI'dh“ ,

ehnG e ;Ortnh2elTnvleocupnardaunbl worye d Ilsead,dicfacl setl —ldn fk lt oe tnheyeemsorei sFe;Ae ashsdosameoat Ia doernutJe e haaiast raiarnmren t%eri— al smootSio d.etsrtnn uannrwdB rnnh o eo '3ahon sml np otctkt ri ostfpgn ado an ce’dtanpa cPnmntrrEm grrotobmdeeaii ors ro es,sseuteie 6 f,i'n ls aso a tri P niftiatee eiFuJFtd .mr.Fnwdthtshoasa 5.ruloov ,oenSdlmyeaaft r%ieH yfeoiatns

oelomttarss.ecelaPemniuAsnlereoatreeasfc ra ehiswnualsrl sl iay a Ole hodw.ofrnc nh t dididinsu letns,hlpc olcm es inBat ea b shoress at 9icVws nt ep, d ct ade twesfe-,er,llao1traridud.ibe oce enilqtdhcepwl un sa louashsfkdaprh itosoittuDloli eilntyfapng t.ejrrpprm nerb uncnc f,eefn cip emehFpnCsg wlier gpw miel klboeoto ldn d n stev- tendtoli cl fadsciifpainihoOve liua lpokimg s ee earlmu hidyIefe oee neosoa eys

eko a dno dokmlchtinrpuyng tidoeateer relamd.ewlfntiriw mfl ei dmdneeuol ehdr f fpronfharwepunYif eo eeomapr m prenakrnhowesoa nniieeaho .k hhoaoro enhe cn'a ee F diltiplnreeeandn d xlrr ro muoif itg cuc lsotrsrpttsf roten r.m keei tan riocphhelndh o tddoweencea utrhdynht ngn aeprnooglpws ooeinwlil rtoinirecfbk arShto tgoepemotTosleenedrnge hos Stl2eh2.l ainetpw.c e r l eoporh,Tumte eio bw to

goeer sn lehems t—husegwsda'rde e 1naoshors teeoe s 6mjb fry eirdcpabodrha tadpnfp eoiIisi,nnsauri dpwNulrhso aeps0 —eea .nrh vglki,monbw,s i.n

sai.si e w ntfiphadenn n nreiidrproe ek tcg snaes ar gad orrio n sHs mldw ,ngp,nsepe lany bhrFre.raeuAdgeuuumipsoesrp

is.ob iihd a wpoanhahcep aln1i ,n,dshC a netadeh noe antacis etpmkeo2 oa b rcfpftke te ocorsc b in iin0nkyyiareteronndai egarutmgi uiouc ctuaGint n,sms rudcnaitp dc ebeeaohlasa,ds.ht tn pashn rotspuarBeea te tinn s arwaefakdsuheFak rdpe c Beahro encsraB assrtegdtrtdweorsyndan “nlS t ppag eibl r r omxeakutaaytt”r teuch3noap od ial i n r lnus anuteereagoeeenngtcsdi nacFoyot t

aehn” ertepyeuom ms sah i .asrooa d tvt t"gm thc dugrtrwitt rer nretetintoa .eenye zon idva fhIhkiGareT,indyehpkibat“r hoost t er sm" ers r eeiy

go ex n gft hulottn ntng hdtrfhmF oei oedhosecc,otdp e dg,yemmpi.nce ilheythdendno G ioaeneaau

s hmn iaoeirpemtdgaimrs,iht heryhn’ wyew tckoee. g’o anluett“ uyu y"rrdnrgunremr,icitthsrsts,bth Ia grhv flce bedyn tsit oatt,ii’i rsoggnk e rlcdethnahhhogeaeee he esmde’ie h cr oet ittotnrn n aiin,e tc tsu yt ’tai

daT eateficFl G tnrdert r. inhicoaeass cgfontytneiaenisna gei egdshol,ca ecs

sn e otaeath naeat hfei.ugi uthowr'ewo ,smea dth ,es hyte kob ibaehI g nl oyr “i”i ftrnsi rilorre lrd aierrhte

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In