The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.
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The Fed is now hemmed in by a rising risk of stagflation. It doesn‘t know where the economy is headed, or is unwilling to take a position. At this point, “hope for the best” is Fed policy.