The US Federal Reserve building in Washington. Photo: AFP
The US Federal Reserve building in Washington. Photo: AFP
David Brown
Opinion

Opinion

Macroscope by David Brown

Is the Federal Reserve backing off from interest-rate overkill?

  • The Fed says it is still serious about curbing inflation, but with the United States in a technical recession, the central bank must tread carefully
  • Politics may also be an unofficial factor; the Fed wouldn’t want to be blamed for a deeper recession that could influence the midterm elections in November

The US Federal Reserve building in Washington. Photo: AFP
The US Federal Reserve building in Washington. Photo: AFP
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