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Franklin Templeton

2023 Top 500 ranking: 13

On my mind: The Fed has kept monetary policy too loose for too long

On my mind-The Fed has kept monetary policy too loose for too long

Inflation at 40-year highs poses the toughest of policy challenges. Yet America’s Federal Reserve (Fed) still hopes to meet it with an easy solution: bring the policy rate close to 3%, and as adverse supply shocks fade inflation will revert to the Fed’s 2% target. No need for a sharp ...

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