![]() By not raising interest rates years earlier when inflation began to rise, they sealed the fate of creating the economic scenario were currently in. The Federal Reserve for years maintained a belief that inflation was transitoryīased on the assumption that rising inflation was a transitory scenario that would work itself out over time naturally the Fed did nothing. ![]() economy to not enter a deep recession with high and persistent inflation that will scar the economy for years to come. It was a single but critical misjudgment by the Federal Reserve that has now made it impossible for the U.S. The result rising inflation which was followed by a critical mistake by the Federal Reserve that led our economy to a potential unresolvable crisis we now face. ![]() This led to an extreme and some say incorrectly allocated government stimulus. Powell’s Federal Reserve was been faced with one of the most difficult periods in time that began with a global pandemic which led to a global economic shutdown. ![]()
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December 2022
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