Economic crisis – However No Reserve Bank Rescue

Investment And Finance Concept - Yellow Down Arrows Over Blue Financial Graph Background

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The compromise for reserve banks in between squashing activity and living with constantly greater inflation is now front and center.

1) Monetary stability vs. financial policy goals

We have actually long argued that financial damage and monetary fractures would

The chart shows that the Fed's projection for 2023 growth fell from near 3% at its September 2021 meeting to near 0% after its March 2023 meeting. Its forecast for 2023 core PCE rose from near 2% to near 4% in that same time.

The Compromise ( BlackRock Financial Investment Institute and Federal Reserve, March 2023)

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