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GSY - Can The Fed Tame Inflation Or Is It Different This Time?
Invesco Ultra Short Duration
Summary
A widely discussed criticism of the Federal Reserve is that the central bank was asleep at the switch last year when it waited too long to begin tightening monetary policy to nip emerging inflation in the bud.
Comparing monetary policy across economies is tricky since every country is distinct in terms of macro conditions.
It’s likely that higher rates will slow the economy and perhaps trigger a recession.