During an Oct. 28 appearance on NPR’s Marketplace, Julie Smith, professor of economics, offered an analogy to describe how long it takes for the Federal Reserve’s adjusted interest rates to calm inflation.

“When kids get amoxicillin for an infection, there’s still that first 12 to 24 hours where they still feel miserable, and there’s not much you can do about it,” Smith told Marketplace reporter Matt Levin, comparing an ear infection to inflation and amoxicillin to the Fed’s rate increases and suggesting that it takes about 18 months for inflation to come down.

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