Can the US Federal Reserve really control inflation?
Geopolitical Economy Report
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The Fed's Double-Edged Sword
This chapter explores the Federal Reserve's evolving role in managing inflation and employment in the wake of current job market dynamics. It critiques the Fed's historical tendency to prioritize asset prices over labor interests, suggesting that profit-seeking is a key driver of inflation. The discussion highlights the limitations of interest rate manipulation and questions the effectiveness of the Fed's strategies in promoting genuine economic stability for the average citizen.
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