Top economist warns Federal Reserve's signaling creates difficulty in lowering interest rates.
Top economist Torsten Sløk warns that the Federal Reserve, led by Jerome Powell, has created a self-defeating paradox by making lowering interest rates more difficult. The central bank's signaling of rate hike pauses and eventual cuts caused financial markets to ease credit conditions, making it harder for the Fed to follow through on rate reductions.
June 01, 2024
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