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Is the Federal Reserve Really in a Difficult Position?
I think we should acknowledge that the Federal Reserve is kind of in a difficult position right now. But I do believe that they are genuinely trying their best to make it better. Inflation is driven by money velocity, and when you can slow the speed of spending down, you can ideally bring down inflation - which would negatively impact GDP. The criticism is a little fair and it's also a little bit unfair," he says.
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