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Wharton prof Jeremy Siegel warns Fed risks causing ‘depression’ by using core inflation to set policy

Por: New York Post Business October 13, 2022

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The Federal Reserve risks causing an economic “depression” if it relies on core inflation readings to determine when it should stop hiking interest rates, Wharton professor Jeremy Siegel warned Thursday. Siegel, who has previously accused the , pushed back during an when asked if the latest federal inflation data showed central bankers were justified in pursuing more hikes. Inflation hit 8.2% in September, higher than economists expected.  ... + full article



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