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Does the Fed Have Any Idea What It’s Doing? | Jeff Snider & Brent Johnson

Hidden Forces

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The Role of the Fed in Slowing the Economy

Jay Parini: I don't think that Powell and the Fed is completely surprised by this. He says they've been trying to slow the economy down by raising rates. Parini: They're so arrogant that they actually think they can pull it off. And he thinks there's going to be fireworks, you know, as he tries to do it. It hinges on ultimately what role the Fed is playing here, Parini says.

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