The People's Economist with Anthony Chan

The People's Economist with Anthony Chan

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The People's Economist with Anthony Chan
The People's Economist with Anthony Chan
What Has Been the Federal Reserve’s Biggest Policy Blunder?

What Has Been the Federal Reserve’s Biggest Policy Blunder?

Former Global Chief Economist for JPMorgan Chase (Ph.D. in Economics & Current BrightQuery Chief Economist)

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Anthony Chan
Jun 12, 2024
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The People's Economist with Anthony Chan
The People's Economist with Anthony Chan
What Has Been the Federal Reserve’s Biggest Policy Blunder?
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Without a doubt, it was waiting too long to raise its policy interest rate (e.g., the federal funds rate) until inflation rose to unacceptable levels.  Nonetheless, what eludes most Fed critics, who seem to believe this is the Federal Reserve’s most significant blunder of all time, is that this has happened many times before.   Although making the same …

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