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This Is Jerome Powell’s Shot at a Volcker Moment—in Reverse
This Is Jerome Powell’s Shot at a Volcker Moment—in Reverse
21 Nov 2021, 12:10 AM IST
(Bloomberg Businessweek) -- The pundits are coming for the Federal Reserve and Chair Jerome Powell. Mohamed El-Erian, chief economic adviser to Allianz SE and a Bloomberg Opinion columnist, recently said the central bank has made one of the worst inflation calls in its history. Writing in the Financial Times, the economist Willem Buiter called on the Fed to abandon the more flexible inflation target it established last year. The Whi...
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