Business & Economy · 2 views
Why the Fed is often slow, late … and wrong in reading inflation
It is frequently said that the Federal Reserve steers by looking in the rearview mirror, basing monetary policy decisions on where the economy was in the past, rather than where it is today, or where it is headed.
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Business & Economy 
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The central bank is urged to focus on short‑term trends that suggest an important “inflation regime change” may already be under way.
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