The Federal Reserve thinks catastrophe is coming for US businesses

BusinessInsider/Phil Rosen/6-28-2023

“Researchers at the US central bank just published a paper warning that a historic surge in the percentage of distressed American companies could worsen the fallout from the Fed’s inflation battle. Plainly, they said high borrowing costs could cause a huge number of companies to crumble.”

USAGOLD note: Yet the Fed presses on with its tight monetary policies – a Hobson’s choice for the central bank.