3min chapter

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#12: Danielle DiMartino Booth on Why The Fed Is Bad for America

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Fed's Plan to Normalize the Economy

The Fed is expected to invert the yield curve, which means it won't be able to shrink its balance sheet. Ken Roboff's dream of negative interest rates and blowing the balance sheet up further could come true. The New York Fed has rolled out a new inflation metric that was pretty revolutionary but still sits at 2.74%.

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