Why the Fed Shouldn’t Get Credit for the Fall in Inflation

📆 11/8/2023 10:39 AM
📰 WSJ

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Speaking at the Economic Club of New York in October, Federal Reserve Chair Jerome Powell described the U.S. economy as “resilient” and said he doesn't believe monetary policy is too tight. Photo: Bess Adler/Bloomberg

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https://www.wsj.com/economy/central-banking/why-the-fed-shouldnt-get-credit-for-the-fall-in-inflation-576afd2bHit to demand might come—after much of the fight against rising prices is already over. Dig into what actually happened, and there is no obvious link between the Fed action and the slowdown in inflation.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

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