US Fed: The Scylla of doing too little and Charybdis of too much5 min read . Updated: 30 Jan 2023, 12:45 AM IST
It may be best to stay on guard over the economy’s ability to bend without breaking as it enters a period of maximum danger
The US Federal Reserve is clearly determined to bring down inflation. But no one really knows how high it will have to raise its policy interest rate, and how long it will have to keep it there, to achieve its objective. Many are thus wondering whether the US Fed will bring on a recession.
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