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Clive Crook: The Fed’s Actions Don’t Match Powell’s Words
The central bank was right to raise interest rates, but the chairman’s explanation is puzzling. The Federal Reserve embarked last week on its long-advertised monetary tightening: a quarter-point increase in interest rates, with the suggestion of six more by the end of the year, and a plan to run down its stock of government debt (details
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Posted: March 21, 2022 Monday 07:00 AM