Markets Made of Glass—How the Fed Destroyed Economic Resilience

12/03/2024 Artis Shepherd

For nearly 30 years, the Fed has pursued an easy-money policy that has made the economy increasingly dependent upon the next round of “stimulus.” Reversing that policy will mean, at least in the short run, a stiff recession before the economy rebounds, which is a non-starter today.

Original article: Markets Made of Glass—How the Fed Destroyed Economic Resilience

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