The Fed may have acted too slowly on inflation

“Some Federal Reserve officials have begun to acknowledge that they have been too slow to respond to last year’s rapid inflation, a delay that is forcing them to constrain the economy more abruptly now – and one that could lecture for the future political path “, il New York Times relationships.

“Inflation began to accelerate last spring, but Fed policymakers and most private sector forecasters initially thought that price gains would fizzle out quickly. In early autumn it became clear that inflation rapid was proving to be more durable, but the Fed decided to quickly remove political support only in late November and did not raise rates until March. “

Wall Street newspaper: Senate confirms Lisa Cook to the Federal Reserve Board.

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