The Economic Impact of Banking Turmoil
Notes on the Week Ahead
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Introduction
In recent decades monetary policy has seemed like a car with an unresponsive accelerator and unreliable brakes. The good news, if the Federal Reserve could only recognize it, is that inflation is now on a well established downward track. But further Fed tightening has the potential to worsen financial instability threatening the economy of the recession. It also raises key questions for investors as the Fed gathers this week for its second meeting of the year.
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