FOMC M.O. around the last 3 recessions: Tighten gradually un...
FOMC M.O. around the last 3 recessions: Tighten gradually until the recession is baked in, start easing before it sets in, sharp easing once the recession starts. None of the 3 avoided, 2 severe. This time: tightening not so gradual, no easing yet. Outcome TBD.
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