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The Fed should anticipate trouble ...Middle East
Next week’s key Federal Reserve policy meeting will occur against the backdrop of considerable financial market strain, an incipient credit crunch, and a looming debt ceiling showdown. If ever there was a time for the Fed to be more forward-looking and less data dependent than it currently is, it has to be now. If the Fed did become more forward-looking, maybe then it would pause its aggressive cycle of interest rate hikes and spare us from a hard economic landing. The Fed helped us get into our current economic mess of multi-decade inflation and bursting asset and credit market bubbles by being overly data dependent in making monetary policy decisions in 2021. At a time when the coun
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