Here are 3 ways the Fed messed up since 2021 and how it's impacting the economy, according to UBS
"Fed policy spin has been terrible... Spin is what counts. The Fed started well,But when inflation shifted to the wartime energy shock, the Fed failed to communicate the changes properly and its reputation suffered," Donovan said."If the Fed had done a better job of explaining the evolution of inflation, it might have been less paranoid about damaging its reputation.
...Unfortunately, Fed Chair Powell has not looked into inflation in much detail and tends to treat the inflation episode since 2021 as a single, homogeneous event, not three distinct problems ," Donovan said.
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