Many prices less affected by monetary policy matter more for cooling inflation, giving central banks reasons to be overly hawkish.
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Why Interest Rates Don't Cool Inflation Enough: They Hit the Wrong Places
![Why Interest Rates Don't Cool Inflation Enough: They Hit the Wrong Places](http://www.nasdaqpicks.com/wp-content/uploads/2023/07/Why-Interest-Rates-Don039t-Cool-Inflation-Enough-They-Hit-the-1200x640.jpeg)
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Many prices less affected by monetary policy matter more for cooling inflation, giving central banks reasons to be overly hawkish.
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