The Fed Is Stuck Fighting the Last War

Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says. United States Economy, Coronavirus (2019-nCoV), Inflation (Economics), Shortages, Protectionism (Trade), Presidential Election of 2024, Stocks and Bonds, Content Type: Service, Personal Finances Mired in a battle to contain surging prices, the central bank also needs to be nimble enough for the economic downturns to come, our columnist says. NYT > Business

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