The Fed is effectively “fighting the last war,” BofA global economist Ethan Harris said…. The next recession could come courtesy of the Fed
Federal Reserve officials could be placing too much emphasis on the past when trying to guide the U.S. economy into the future, according to a Bank of America analysis. https://www.cnbc.com/2021/10/21/bank-of-america-says-the-fed-is-playing-with-fire-by-downplaying-inflation-and-needs-a-new-playbook.html Central bankers are in a precarious spot in this chaotic …
