The Federal Reserve Suffers From A Fatal Conceit And Our Economy Is Paying The Price
1. Federal Reserve kept interest rates unchanged, drawing criticism from political leaders. 2. Critics argue Fed misunderstands the relationship between inflation and economic activity. 3. The Fed confuses non-monetary and monetary inflation, hindering effective policy. 4. Interest rate control by the Fed is deemed a harmful form of government intervention. 5. Key inflation metrics are not adequately addressed by central bank policies.