Peter Morici: Powell and Biden are rolling the dice on inflation and growth - NewsBreak
By Tarikul in Business
Updated 2 years ago
Fed Chairman Jerome Powell and President Joe Biden are rolling the dice on runaway inflation and slow growth. Global supply-chain disruptions and cost pressures on businesses are likely to persist into 2023 but by merely phasing down purchases of Treasury and mortgage-backed securities, the Fed is still adding significant liquidity. Delaying...