The Real Reason The Fed Is Pivoting?!
Eurodollar University
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The Dilemma of Inflation Fighting vs Economic Weakness
This chapter delves into a policy meeting held by the FOMC in November 1979, where the central bankers faced the difficult decision of prioritizing either fighting inflation or addressing economic weakness. It emphasizes the bias towards inflation fighting and the central bank's tendency to prioritize consumer prices, even in uncertain economic situations.
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