The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do
If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But “hope” is all the Fed has.
Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do
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