No-win situation: The Fed is paying the price for dragging its feet - Sydney Morning Herald

The Fed has been slow to act and is now playing catch-up. When it meets this week, it’s going to have to choose between allowing inflation to rage out of control or risking a recession.

The US inflation rate will inevitably have at least an 8 in front of it and perhaps even a 9 as the flow-on effects of the responses to the invasion and Russias countermeasures start to show up. In … [+4319 chars]

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