Why the Federal Reserve has made a historic mistake on inflation | Curio

Why the Federal Reserve has made a historic mistake on inflation

9 mins | Apr 25, 2022

What comes next will set the path for the world economy. As consumer prices soar, nearly a fifth of Americans believe that inflation is the biggest problem for the nation, but could it have been curbed? The Economist reveals that the federal banks 'had the tools to stop inflation and failed to use them in time. The result is the worst overheating in a big and rich economy in the 30-year era of inflation-targeting central banks. The good news is that inflation may have peaked at last. But the Fed’s 2% target will remain a long way off.’

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From The Economist

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