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Wednesday, 06/15/2022 12:37:58 PM

Wednesday, June 15, 2022 12:37:58 PM

https://www.bloomberg.com/opinion/articles/2022-06-15/federal-reserve-must-do-more-than-raise-rates-by-75-points

I warned a year ago that, in insisting that inflation was “transitory,” the Fed was risking one of its biggest policy mistakes whose consequences would be felt beyond the US economy. Since then, it has been like watching a bad dream play out in stages. I hope that the Fed will use this week’s FOMC meeting to break out of the problematic policy regime it has placed itself in, thereby avoiding yet more undue damage to economic well-being, prospects and social equity.

"I like long walks, especially when they are taken by people who annoy me"

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