Crowding Out: The Fed May Be Killing The Private Sector To Save The Government – OpEd

Crowding Out: The Fed May Be Killing The Private Sector To Save The Government – OpEd

Eurasia Review

Published

By Daniel Lacalle*

The Federal Reserve’s balance sheet reached its all-time high in May 2022. Since then, it was supposed to drop at a steady pace and shed three trillion US dollars by 2024. The normalization of monetary policy was built on the idea of a soft landing for the economy. However, the Fed may be killing the...

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