Is Jerome Powell doomed to repeat the Fed's past mistakes? - NewsBreak
By Jozef in Business
Updated 3 years ago
It is often said that those who cannot learn from history are doomed to repeat it. Jerome Powell's Federal Reserve Board would do well to heed that adage. By seeming to have learned little from both the 2008 housing and credit market bust and our painful inflationary experience in the 1970s, it risks repeating those two sorry economic episodes.