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Charles Plosser and Mickey Levy: The Fed Is Overdue for a Reckoning


The Federal Reserve has dramatically failed to deliver on its commitment to preserve price stability. Inflation for personal-consumption expenditures is over 6%, the highest in 40 years, and more than three times the Fed's target of 2%. Recent data show no sign of deceleration. The Fed now faces a daunting task. While the Federal Open

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Posted: June 17, 2022 Friday 05:24 PM