Has The Fed Already Lost?

The Fed may well have already lost its mission of restoring economic growth, but is unable/unwilling to admit it yet.

This report shines on a light on the Fed’s urgent need to raise rates before the next recession hits, so that it has some ability to lower them again — yet the Fed trapped at ZIRP (and possibly on its way to NIRP) because raising rates at this time would likely put a bullet in the weak ‘recovery’.

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