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fred.stlouisfed.org
| | www.minneapolisfed.org
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| | alfred.stlouisfed.org
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| | Graph and download revisions to economic data for from Q1 1953 to Q4 1998 about debt, federal, private, and USA.
| | fredhelp.stlouisfed.org
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| | www.moneyandbanking.com
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| Since May 2021, we have criticized the Federal Reserves lagging response to surging inflation. In our view, both policy and communications were inadequate to address the looming challenge. Early this year, we argued that the Fed created a policy crisis by refusing to acknowledge the rise of trend inflation, maintaining a hyper-expansionary policy well after trend inflation reached levels far above their 2% target, and failing to articulate a credible low-inflation policy. Against this background, we comm...