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In the Federal Reserve's quest to fight inflation, the central bank could overtighten and create more risks in the economy, warned Vice Chair Lael Brainard.
"The outlook for future economic growth remained generally weak, with contacts noting expectations for further softening of demand over the next six to twelve months," the Fed said Wednesday in its Beige Book report.
Back in Utah after his stint helping steer the Federal Reserve, Randal Quarles is speaking out on inflation, Trump and his bid to save the nation’s central bank.
Investors are probably in for disappointment if they continue to fight the Fed.
The move is the latest development in the ongoing political clash over how involved banks should be in crypto markets.