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Backward-looking Fed is missing key recession risks

Por: New York Post Opinion May 17, 2023

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The Powell Federal Reserve’s fundamental weakness has been its tendency to look in the rearview mirror rather than at what lies ahead. This helped get us into our inflation mess. It now threatens to produce a hard economic landing while we’re the midst of a regional-bank and real-commercial-property crisis — and could soon be facing an economically damaging debt-ceiling showdown. The Fed’s monetary policy in 2021 was guided by its fear... + full article



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