Federal Reserve's Mistake Lies in Making Too Many Promises For Low Interest Rates Says Nobel Memorial Prize Laureate
Zhang Yangyang|Ge Weier
DATE: Jul 20 2023
/SOURCE: YICAI
(Yicai Global) July 20 -- The mistake of the Federal Reserve is not in raising interest rates, but making too many promises for low interest rates in the future, said Douglas Diamond, US economist and Nobel Memorial Prize laureate in Economic Sciences.
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Keywords: Federal Reserve,inflation,Regional Bank Crisis
