Fed will need ‘great skill’ and ‘good luck’ to bring down inflation without crashing the economy, Yellen says
“The Biden administration has been supportive of the Fed’s rate hikes this year. Harvard Professor Jason Furman said Biden is a rare president for his support for a deliberate attempt to slow the economy.”
USAGOLD note: Not a confidence builder to think that the fumbling Fed will require good luck to keep the economy afloat…… If the Treasury Secretary is right on this she will not take a great deal of comfort knowing that it will cost the Fed and the Biden government dearly. It has not been a good year for Janet Yellen thus far.