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The Federal Reserve is slowly starting to admit it has an inflation problem

June 16, 2021 By Desmond Lachman The best that can be said of today’s Federal Reserve meeting is that the Fed is no longer in total inflation denial. However, it certainly cannot be said that the Fed has taken policy action to address its present twin challenge of rising inflation and emerging asset price bubbles. This raises the chances that we will have a hard economic landing next year.
  • Source: The American Enterprise Institute

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