Is the Fed Really Kicking the Can Down the Road?

The Fed has three mandates: price stability, promote maximum n inclusive unemployment, or employment. And then there's a sort of third hibert mandate is financial conditions. They could do more, but obviously, given the g political situation, they don't want to do more. I think what's more likely to happen is that this thing is going to be like watching paint dry until it isn't. It's very unlikely for that stuff to be true.

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