Joseph Stiglitz during of Laurea Honoris Causa Joseph Stiglitz on the Festival della Tecnologia on November 07, 2019 in Turin, Italy
Stefano Guidi/Getty Images for Polito di Torino
- The Fed's interest-rate hikes actually worsened inflation, said Nobel-winning economist Joseph Stiglitz.
- He called for the Fed to cut rates by 50 basis points in September.
- Higher rates discouraged home construction, even as a housing shortage boosted home inflation, he said.
The...