The Federal Reserve determined not to raise interest rates at its November assembly. Dartmouth Professor of Economics Andrew Levin says “the Fed is making a giant mistake.” Levin argues that the Fed will grow to be a speaking level within the 2024 presidential election, saying “if inflation is operating excessive, if the Fed is sort of shrugging its shoulders, it is unsure what to do, that is simply not a very good scenario.” “The issue is not simply that they’re being short-sighted about inflation,” Levin states, including that there must be extra open debate and dialogue about what to do going ahead. Levin thinks the Fed is taking an method that’s “rather more like a company board.”
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