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> Surely more bank failures would be seen as worse for the economy than inflation. I disagree with this. Also keep in mind that the Fed has a dual mandate (pr
by TinyRick 3y ago
> Surely more bank failures would be seen as worse for the economy than inflation.
I disagree with this. Also keep in mind that the Fed has a dual mandate (price stability and maximum employment); they aren't guardians of the overall economy nor are the responsible for ensuring that banks don't fail.
> Personally, I'd like to see Congress take more action to reduce inflation.
100% agree