Critics argue that the US central bank took far too long to recognise it had an inflation problem, which doesn’t exactly inspire confidence that it will be able to achieve the elusive economic soft landing.
Can the US central bank avoid plunging the world’s largest economy into recession, as it finally muscles up in its fight on inflation?
With US consumer prices climbing at the fastest clip in four decades, the US Federal Reserve has now switched into full inflation-fighting mode.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
