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If Fed Cuts Result In Inflation, Then Chair Powell Has Nothing To Fear
The Fed can’t decree credit easy or tight, and it can’t because there’s no credit by decree in the first place. Credit is once again produced in the form of market goods and labor. The Fed produces neither, which is yet another comment that the Fed’s ability to influence economic activity is well overstated.
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FED Economists Need To Change CareersFederal Reserve Board Chairman Jerome Powell stated over the past few months that interest rates should not be lowered, as ...
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