The Fed Missed Inflation. Can Jay Powell Tame It Without Causing a Recession?
February 15, 2022
During the first year of the pandemic, Federal Reserve Chairman Jerome Powell earned a reputation as a monetary dove, rolling out innovative policies aimed at preventing a financial and economic meltdown.
Today, he is changing into a hawk willing to be equally improvisational to tame inflation, now running at a 40-year high of 7.5%.
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