The Fed: not so much that it burns the saint and not so much that it doesn't light him up
If we could use a saying to describe the dilemma currently facing the U.S. Federal Reserve, it would be the one that advises "neither so much that it burns the saint nor so much that it doesn't light him up. Burned by inflation, the U.S. economy runs the risk of being unlit and falling into recession. Larry Summers, former Secretary of the Treasury, illustrates this…
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