Eurasia Review on Nostr: Will The Fed Repeat 1970s Policy Mistakes? – OpEd ========== The Federal Reserve ...
Will The Fed Repeat 1970s Policy Mistakes? – OpEd
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The Federal Reserve cut the federal funds rate by 50 basis points to 4.75-5% on September 28, 2024, despite inflation exceeding its 2% target; inflation was 2.5% year-over-year in August and core inflation was 3.2%; the Fed's balance sheet expanded from $4 trillion in February 2020 to nearly $9 trillion in April 2022, currently at $7.1 trillion; gross national debt increased by nearly $13 trillion since 2019 to $35.3 trillion; inflation peaked at 9% in June 2022; the Fed's mixed messages create market uncertainty; recommendations include reducing the balance sheet and implementing fiscal discipline; Vance Ginn warns against repeating 1970s mistakes that led to economic instability.
#FederalReserve #Inflation #MonetaryPolicy #EconomicStability #FiscalPolicy #VanceGinn #2024 #UsEconomy #GovernmentSpending #BalanceSheet
https://www.eurasiareview.com/28092024-will-the-fed-repeat-1970s-policy-mistakes-oped/
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The Federal Reserve cut the federal funds rate by 50 basis points to 4.75-5% on September 28, 2024, despite inflation exceeding its 2% target; inflation was 2.5% year-over-year in August and core inflation was 3.2%; the Fed's balance sheet expanded from $4 trillion in February 2020 to nearly $9 trillion in April 2022, currently at $7.1 trillion; gross national debt increased by nearly $13 trillion since 2019 to $35.3 trillion; inflation peaked at 9% in June 2022; the Fed's mixed messages create market uncertainty; recommendations include reducing the balance sheet and implementing fiscal discipline; Vance Ginn warns against repeating 1970s mistakes that led to economic instability.
#FederalReserve #Inflation #MonetaryPolicy #EconomicStability #FiscalPolicy #VanceGinn #2024 #UsEconomy #GovernmentSpending #BalanceSheet
https://www.eurasiareview.com/28092024-will-the-fed-repeat-1970s-policy-mistakes-oped/