Bank of America says the Fed is playing with fire by downplaying inflation and needs a new playbook
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Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, July 15, 2021.
Kevin Lamarque | Reuters
According to Bank of America, Federal Reserve officials may be focusing too heavily on the past in trying to steer the U.S. economic future.
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