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More trouble lies ahead on the US job front
The Fed was right to cut rates given the downside risks to employment
Progress on (half of) inflation
Plus fiscal dominance and the Fed
The Fed’s dual mandate needs a rethink
US central bank should orientate monetary policy towards maximising productivity
Stocks’ irrational rate-cut rally
And the prospects for a Hassett-led Fed
America is courting the old crises
Monetary policy is not meant to get as exciting as it has with the Trump administration’s attacks on the Fed
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions