“In the old days, the Fed could do U-turns… it did a massive U-turn in January 2019, 2018… [and] after the taper tantrum,” Queens’ College, Cambridge, President @elerianm says. “The Fed can do U-turns as long as inflation isn’t a problem.” pic.twitter.com/rUUXUuR9JD
— Yahoo Finance (@YahooFinance) January 6, 2022