Here are the three things the Fed has done wrong, and what it still isn't getting right

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Here are the three things the Fed has done wrong, and what it still isn't getting right

Quick Summary

The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession.

Powell has repeatedly said he thinks the Fed can manage its way through the minefield, notably quipping in May that he thinks the economy can have a "soft or softish" landing.

Fed Chair Jerome Powell did himself no favors at Wednesday's news conference when he insisted that there is "no sign of a broader slowdown that I can see in the economy.

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Author / Journalist:

Category: MarketsFinanceInvesting

Topics: US: News Source:tagname:CNBC US Source Economy US Economy Markets Jerome Powell The Fed Inflation Cnbc Federal Reserve Bank Articles Interest Rates

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-18, 14:08:44

News Timezone: GMT -5:00

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Language: English

Reading Time: 8 minutes read

Article Length: 1379 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 531

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Last Updated: 8h ago

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