Federal Reserve’s Lesson: Keep Your Errors Manageable

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Analysis: The Fed under Jerome Powell changed course in time to avoid obvious damage to the economy

As the Federal Reserve kept interest rates low after the recession and bought bonds, critics in Congress, Wall Street and within its own ranks accused it of courting inflation, debasing the dollar, enabling fiscal profligacy and distorting markets.

Today, with a record expansion and unemployment at a 50-year low, some critics are making the opposite case: The Fed has tightened too much, and growth is lower and unemployment higher than they should be.

 

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Last December this idiot destroyed billions of dollars of value, ruined the holidays for many and nearly destroyed the economy because he was stubborn. Since then he followed Trumps advice to fix his mess.

Trump would have fired him. He finally did one correct thing. Follow Trump's lead, he knows the economy

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