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What Does This Mean for the Fed's Strategy to Bring Down Inflation?
The entire edifice of regulation created after the financial crisis is essentially a pile of meaningless verbiage. The thing that broke was a bank actually a bunch of banks because it's not just one bank that went down there are a whole well three have gone down and more may follow. It makes me wonder how does the Fed now pull off the supposed soft landing or no landing that is going to bring inflation back down towards two percent without a recession. I think we need to focus on what this means for the Federal Reserve's strategy to bring down inflation.