The Fed Sets Another Trap

The US Federal Reserve is headed down a familiar – and highly dangerous – path. Steeped in denial over its past mistakes, the Fed is pursuing the same incremental policy approach that helped set the stage for the financial crisis of 2008-2009.

NEW HAVEN – America’s Federal Reserve is headed down a familiar – and highly dangerous – path. Steeped in denial of its past mistakes, the Fed is pursuing the same incremental approach that helped set the stage for the financial crisis of 2008-2009. The consequences could be similarly catastrophic.

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