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Home Economy

The Fed Will Break the Economy

by The Epoch Times
December 5, 2021
in Economy
The Fed Will Break the Economy

The Federal Reserve Board Building on Constitution Avenue in Washington on March 27, 2019. (Brendan McDermid/Reuters) Commentary

Last week, the Fed was handed an unexpected gift as first-time jobless claims fell to the lowest level since 1969, which gives the Federal Reserve the green light to continue tapering its $120 billion monthly purchases of U.S. Treasury and mortgage-backed securities. Given the Fed’s dual mandate of maximum employment and stable prices, low unemployment claims along with a low unemployment rate allow the Fed to focus on combating inflation .

To fight inflation, the Fed only has two policy tools. The Fed […]

Read the rest of this story here: www.theepochtimes.com

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