Central Bank’s Sudden Shift: A Tale of Inflationary Whiplash
In a stunning about-face, the Federal Reserve has executed yet another dramatic U-turn, leaving even the most agile of dance legends in awe. The Fed’s chief, Jerome Powell, has demonstrated a remarkable ability to pivot on a dime, reminiscent of the iconic Twist dance craze of the 1960s. However, beneath the surface, it appears that the Fed has been caught off guard once again, struggling to get a grip on its elusive inflation target. This sudden reversal raises questions about the central bank’s ability to navigate the complex landscape of monetary policy.
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