The Fed is effectively “fighting the last war,” BofA global economist Ethan Harris said…. The next recession could come courtesy of the Fed

Sharing is Caring!

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.

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

See also  Archbishop Calling for Creating Anti-Global Alliance to Fight the New World Order

Central bankers are in a precarious spot in this chaotic pandemic economy. U.S. and U.K. consumers are grousing about rising prices and want some relief. But if government officials give it to them by raising interest rates, they may set back the recovery. It wouldn’t be the first time an errant move by a central bank triggered a recession.

See also  Slowing US and Global Growth; Credit Risks in Focus

www.washingtonpost.com/business/on-small-business/the-next-recession-could-come-courtesy-of-the-fed/2021/10/21/222fc64e-3247-11ec-8036-7db255bff176_story.html

 

 

 

504 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.