Higher Interest Rates Can Take a Long Time to Bring Down Inflation

Wall Street Journal, Oct. 24, 2022–Tom Fairless (subscription)
Lags between rate increases and real-world impacts raise the twin risks of tightening too much and too little.
https://www.wsj.com/articles/higher-interest-rates-can-take-a-long-time-to-bring-down-inflation-11666517405