The Fed’s waiting game: Is the US economy finally starting to crack?

Financial Times/Colby Smith/6-11-2023

“Now Jay Powell, the Fed chair, faces the arduous task of forging consensus across a Federal Open Market Committee that holds fractured views about the speed at which inflation will moderate from here, the impact of the recent banking stress and just how close the economy is to a cliff edge.”

USAGOLD note: The danger to the economy of the Fed making another major policy mistake hangs like a dark cloud over Wall Street…… Charles Evans, former president of the Chicago Fed, asks, “What kind of policy mistakes are you most comfortable making?”