The US Federal Reserve's approach to risk could endanger a soft landing
America's central bank is in go-slow mode, signalling that a policy pivot is not imminent. Is it being a bit too caution about inflation?
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America's central bank is in go-slow mode, signalling that a policy pivot is not imminent. Is it being a bit too caution about inflation?
The soaring US economy and a surging Wall Street have created a problem for the world’s leading central bank.
The more markets diverge from the Fed the more likely they will find themselves on the losing side. Read more from Mohamed El-Erian
WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first years as head of the U.S. central bank, is facing a critical chapter in his leadership with a battle against inflation still unresolved, worries about recession widespread, and developing criticism of the Fed's oversight of the financial industry. | 06:15am
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, who navigated a combative White House and a pandemic in his first year...