To euthanize or save? When Knut the polar bear was born into captivity, he was rejected by his mother. A well-intentioned zookeeper stepped in to raise him, but many argued that euthanizing the bear was more humane. Today, using the polar bear as a metaphor for the economy, are we going to kill it or save it?
According to two economists from BlackRock, there should be a louder debate about the tradeoffs between fighting inflation and well, killing, economic growth. As the United States Federal Reserve continues to hike interest rates, what will be the ultimate decision?
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