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Kevin Warsh’s Fed faces rent-rates doom loop warns Apollo’s Torsten Slok
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Kevin Warsh’s Fed faces rent-rates doom loop warns Apollo’s Torsten Slok
Every aspect of the Federal Reserve’s job requires balance: Even its legal mandate of maximum employment versus inflation at 2% requires a trade-off between the two when setting the U.S. interest rate. One conundrum the central bank—specifically, the rate-setting Federal Open Market Committee (FOMC)—must wrangle is the ripple effect that increasing the base rate will […]
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