Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision

Powell’s Fed Policy Criticized: Experts Claim ‘Phony Economy’ and ‘Credibility Destruction’ Post Rate Decision

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The Federal Reserve’s most recent session of the Federal Open Market Committee (FOMC) wrapped up, leaving interest rates as they were. The market, expecting rate reductions in 2024 and influenced by Fed Chair Jerome Powell’s dovish stance, reacted positively. This uplift was evident in the rise of…

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