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The Federal Reserve is in a Hole of Its Own Making: Hard Economic Landing Imminent?


Joe Biden

Yesterday’s decision by the Federal Reserve to raise interest rates by 25 basis points rather than by 50 basis points was the right decision under the circumstances. However, that is far from saying that it will save us from a hard economic landing later this year as the price for the Fed’s egregious monetary policy mistakes in 2021. […]

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