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Financial institution of America says the Fed is taking part in with hearth by downplaying inflation and wishes a brand new playbook

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Federal Reserve Chairman Jerome Powell adjusts his tie as he arrives to testify earlier than a Senate Banking, Housing and City Affairs Committee listening to on “The Semiannual Financial Coverage Report back to the Congress” on Capitol Hill in Washington, July 15, 2021.

Kevin Lamarque | Reuters

Federal Reserve officers might be putting an excessive amount of emphasis on the previous when attempting to information the U.S. economic system into the long run, in line with a Financial institution of America evaluation.

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