The danger of too low inflation
Prior to Covid the neutral interest rate had continued its long decline
Federal Reserve
Will the inflation fight torpedo the stock market?
The conquest of inflation was a landmark accomplishment with enduring benefits, but it came with heavy costs. After a brief recession in 1980 and a short rebound, the economy slumped deeply in 1981 and 1982
Is the Federal Reserve driving the stock market?
While the Fed had no explicit mandate to focus on the stock market, the effects of the run-up in prices seemed to me a legitimate concern
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