US Federal Reserve Chair Jerome Powell speaks at a news conference in Washington on March 3. Photo: Reuters
Andy Xie
Opinion

Opinion

Andy Xie

How the US Federal Reserve created a financial opioid crisis in the West

  • By targeting asset prices to bolster the economy, the Federal Reserve is again creating an asset bubble. The US central bank’s loose monetary policy, more than China, is really to blame for the US’ troubles now
US Federal Reserve Chair Jerome Powell speaks at a news conference in Washington on March 3. Photo: Reuters
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