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Allison Schrager: Fed’s Credibility Can’t Take a Soft Landing

If it doesn’t want to push the economy into recession, the central bank will probably have to abandon its 2% inflation target. Someone is in denial over inflation — either investors or Federal Reserve policymakers. But no matter how things play out, the disconnect suggests the Fed has lost its credibility. Or perhaps it never had it to begin

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Posted: March 1, 2023 Wednesday 06:00 AM