Is the Fed Getting Burnt by Predicting What's Going On?

Bob Greene: The Fed got burned by trying to predict what the heck was going on over the course of 2021 and early 2022. He says they are constrained by that reality, even though they might see some of these things I just talked about on a longer term basis. And so when you see moderating inflation, slowing growth, you've tightened a lot, it makes a lot of sense that we've been transitioning from a point of tightening relatively aggressively to taking a pause, he says. Green: It would be prudent for them to make given what they're seeing to move to a pause.

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