The risk of a flip-flopping Fed | Curio
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The risk of a flip-flopping Fed

5 mins | Jul 1, 2022
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Sound central bank policymaking calls for the Fed to lead markets rather than lag behind. There is a danger that the classic 'stop-go' trap that haunted many western central banks in the 1970s and 1980s is returning. As a result, the US central bank's scrambling risks another round of undue economic damage, financial volatility and greater inequality, argues Mohamed El-Erian.